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.
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Clients who invest their IRAs in assets such as real estate, precious metals, private equity or virtual currency like bitcoin could be jeopardizing their savings, according to a new GAO report.
January 9
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Notice says account transcript that includes a transaction code of “421” and the explanation “Closed examination of tax return” can serve as the functional equivalent of an estate tax closing letter.
January 9
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The tax services provider has launched a new product to help DIY taxpayers e-file with more convenience.
January 9
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Car maker, fresh from canceling a Mexico factory Donald Trump criticized, expects the incoming president to deliver on promises of tax reform that will benefit U.S. manufacturers.
January 9
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The service has released its guidance for tax preparers on income tax refunds for 2017, including information on potential delays.
January 6
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The American Institute of CPAs is asking the Internal Revenue Service to simplify the regulations and make them less of a burden.
January 6
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Moore Stephens Doeren Mayhew has merged with Emerson & Partner U.S. Tax GmbH, a firm based in Zurich, Switzerland, effective Jan. 1, 2017.
January 6
