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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He reported earning income of less than $5,000 in 2020, 2021 and 2022, but actually earned more than $7 million from his hedge fund, according to prosecutors.
July 29
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Disagreeing with the IRS; daunting levels of debt; Sunshine State; and other highlights from our favorite tax bloggers.
July 28
Matters Editorial -
Parents of 51.7 million children now qualify for the new Education Freedom Tax Credit for scholarships, according to a new estimate released by its proponents.
July 28
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A documented compensation study protects a growing C corporation's biggest deduction from being recast as a dividend.
July 28
Withum -
There's little consistency in how businesses across different countries can deduct their capital investments as depreciation, according to a new study.
July 27
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Tax professionals can help companies with wind and solar projects after a recent court decision, as well as energy-efficient commercial building improvements.
July 27
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Only days after the World Cup Final, the IRS released a revenue procedure allowing tax-exempt foreign members of FIFA to avoid filing a Form 990.
July 24
