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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Notice 2024-55 from the IRS explains exceptions to the additional tax for certain emergencies, and for victims of domestic abuse.
June 21
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The Internal Revenue Service released a revised draft version of Form 6765, the Credit for Increasing Research Activities, in response to feedback.
June 21
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Nigeria's tax agency dropped accusations of tax fraud against Tigran Gambaryan, but a separate money-laundering case brought against the former IRS employee resumed.
June 21
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The IRS will deny tens of thousands more pandemic-era employee credit claims it deems potentially fraudulent in the coming weeks, as it remains in a holding pattern for processing new claims.
June 21
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The senator dismissed concerns from budget watchdogs that it could increase the deficit by $250 billion or even more over a decade.
June 21
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Card shark; the roof falls in; a dynamic duo; and other highlights of recent tax cases.
June 20
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The Internal Revenue Service plans to begin slowly paying some of its older claims for the fraud-plagued Employee Retention Credit this summer, but is not lifting its moratorium.
June 20
