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 proposed regs apply to taxpayers who sell or exchange farmland to qualified farmers and elect to pay the tax on the gain in four equal annual installments.
September 28
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One deal under scrutiny was a $32 million transaction with distributor Carahsoft to supply cybersecurity software to the IRS, which it never received.
September 28
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The GAO estimates on tax fraud were its first effort to calculate such losses.
September 28
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"Godfather" sculptures; designer handbags; nonprofit embezzlement; and other highlights of recent tax cases.
September 25
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The Internal Revenue Service's National Distribution Center is experiencing a sharp decline in demand for paper tax products, according to a new report.
September 25
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The Internal Revenue Service debuted a new mobile app, replacing its old IRS2go app with a new one simply called IRS.
September 25
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Kalshi's trading wasn't previously taxed, but an addition to a North Carolina bill was a big win by subjecting bets on prediction markets to a low tax rate.
September 25
