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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The Obama administration released its fiscal year 2017 budget containing a number of tax increases on high-income taxpayers, oil and foreign income, along with tax breaks for the middle class and small businesses, plus a provision giving the Treasury Department the explicit authority to regulate all paid tax preparers.
February 9 -
Some partners in hedge funds, private-equity firms and other businesses organized as so-called pass-throughs would pay a 3.8 percent income tax under President Barack Obamas 2017 budget request.
February 9 -
Congresss passage of legislation last December making many expired tax breaks permanent adds an extra measure of certainty for tax preparers helping their clients with tax planning this year.
February 8
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I have always loved accounting and tax season, but I have worked with many people who did not.
February 8 -
The Internal Revenue Service still hasnt said what caused some of its systems to shut down last Wednesday, but the agencys processing functionsincluding e-filingwere restored by last Thursday evening.
February 8 -
Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
February 6 -
Tax pros and their clients are putting themselves at risk, because e-mail is not secure.
February 6
