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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More than 500 Internal Revenue Service staff are manning FEMA phone lines, and others are deploying to help with search and rescue efforts.
October 3
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A costly provision of the Tax Cuts and Jobs Act of 2017 is in limbo as policy wonks call for either big changes or outright elimination of the policy.
October 3
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The Internal Revenue Service is giving eligible farmers and ranches four years to replace drought-stricken livestock, rather than two.
October 3
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Those affected by the storm now have until Feb. 3 to file and pay their taxes.
October 3
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The IRS failed to address literally tens of thousands of unresolved security vulnerabilities, according to the Treasury Inspector General for Tax Administration.
October 2
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The 7217 is designed to report the basis of all distribution of property that a partner receives from a partnership in a non-liquidating or liquidating distribution.
October 2
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In Notice 2024-72, the IRS adding to the relief granted last year.
October 2
