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 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
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The announcement adds a prominent voice to a debate that has divided top Democrats and rattled Silicon Valley's elite.
January 27
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The IRS issued a notice extending the deadline for making certain amendments to IRAs, SEP arrangements and SIMPLE IRA plans until Dec. 31, 2027.
January 26
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The IRS offered relief from failure-to-pay penalties to nearly 5 million taxpayers during the pandemic, but 3.6 million have since taken steps to pay tax debts.
January 26
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The Treasury Department canceled $21 million in contracts, alleging the consulting firm failed to protect taxpayer data, including President Trump's tax returns.
January 26
