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 Internal Revenue Service has decided to stop automatically levying penalties when a taxpayer files a form reporting foreign gifts too late.
October 31
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A handful of Illinois politicians are once again eyeing a new tax on the highest earners.
October 31
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The Georgia accountants were sentenced to periods of supervised release and have to pay millions in restitution.
October 31
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The number of taxpayers filing individual income tax returns is projected to increase by about 10,000,000 over the next eight years.
October 31
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Uncertainty around sunsetting provisions should have professional athletes planning ahead on their taxes.
October 29
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Foreign gifts and penalties; FBARs and the Constitution; contention and confusion; and other highlights from our favorite tax bloggers.
October 29
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What looks like a domestic triumph is also a win for America's primary industrial and geopolitical rival.
October 29
