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 accounts give wealthy investors more opportunities to place alternative vehicles in a tax-advantaged retirement nest egg. But mistakes can be costly.
January 28
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National Taxpayer Advocate Erin Collins warned in her annual report to Congress that this tax season is likely to bring bigger challenges for taxpayers who encounter problems with the Internal Revenue Service.
January 28
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Taxes are heavily context dependent, complex and require precise calculations. The consequences of getting them wrong are significant.
January 28
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The New York City mayor is amping up pressure on Governor Kathy Hochul to hike taxes for the richest residents and corporations.
January 28
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The Internal Revenue Service posted a fact sheet about its move away from paper checks to electronic payments for taxes and tax refunds.
January 27
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A group of Senate Democrats and the Treasury Inspector General for Tax Administration are raising questions about the impact of IRS funding cuts.
January 27
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Missed IRA RMDs can cost clients thousands, Vanguard research shows. But financial advisors can help erase tax penalties and avoid future ones with a few key strategies.
January 27
