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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Don't bet on it; COVID come-uppance; mine the gap; and other highlights of recent tax cases.
February 12
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The IRS and Treasury plan to propose regulations restricting energy-related tax credits when "prohibited foreign entities" provide material assistance.
February 12
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Small business owners are losing the equivalent of 33 working days a year due to financial stress, according to a report from Xero.
February 12
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After nearly a century of trying, Washington state Democrats could finally pass an income tax — a move that would hit 30,000 or so top earners.
February 12
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In practice, depreciation does not eliminate tax cost over time. It merely redistributes it.
February 12
Carlos Contábil -
The "sticker shock" of tax rates and IRS reporting rules may place the recent record highs and falls in a different context for investors, one expert says.
February 11
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The Internal Revenue Service improperly disclosed confidential taxpayer information on immigrants to the Department of Homeland Security.
February 11
