Tax
Tax News & IRS Insights for Accounting Professionals
Accounting Today delivers news and analysis for accounting and tax professionals on federal and state tax developments, IRS guidance,information reporting, and operational implications for practices and clients. Our coverage focuses on legislative and procedural shifts that tax practitioners must monitor in planning, compliance, and advisory contexts.
-
Preparers who file a return claiming the credit without including a W-2 to substantiate the income may get a warning.
January 30
-
Moving investments into these accounts may optimize returns and boost savings. Plus, know your IRAs and the impact of Trump's proposals on income brackets.
January 29
-
There are a number of reasons taxpayers hire professionals to file their taxes – and one of the best is to prevent them from trying to claim truly ridiculous things in their filings.
January 29
-
When White House press secretary Sean Spicer floated the idea of paying for a border wall with a 20 percent tax on Mexican imports, beer went flat.
January 27
-
The Organization for Economic Cooperation and Development’s revised guidance on transfer pricing to prevent base erosion and profit shifting will have minor administration costs for the Internal Revenue Service, although the impact on companies is uncertain.
January 27
-
Eligibility expands for claiming the refundable tax credit, though taxpayers who claim it will face some delays before receiving their refunds.
January 27
-
A basic federal filing with a state return and no itemized deductions is up $17 over the past two years.
January 26
