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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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
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The Senate blocked a resolution that would have disapproved of recent guidance from the Treasury Department weakening the corporate alternative minimum tax.
February 10
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The Internal Revenue Service made only limited progress in scanning a tiny fraction of paper-filed returns last tax season, according to a new report.
February 10
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The Internal Revenue Service has awarded a contract to PSI Services to develop and administer the examination for Enrolled Agents to earn their tax credential.
February 10
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The Internal Revenue Service has now closed nearly all outstanding claims for the employee retention credit aside from 41,000 claims still under exam or appeal.
February 10
