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 head of the Internal Revenue Service's Direct File program cites careful scoping and a blended team of government and private sector for making it work.
July 10
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Estate attorneys are creating revival trusts aimed at extending wealth until people who get cryonically preserved can be revived, even if it's hundreds of years later.
July 9
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The rich and the audits; after Beryl; just ask; and other highlights from our favorite tax bloggers.
July 9
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The Government Accountability Office recently found that some populations may be getting selected for IRS audits at a higher rate than others.
July 9
Government Accountability Office -
A recent poll found professionals predict that as AI makes jobs more efficient, firms will move away from the billable hour model in favor of value pricing.
July 9
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Only 5% of total local tax comes from income taxes nationwide, but some states rely on it much more.
July 9
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The Internal Revenue Service has stepped up efforts to combat dubious tax advice promoting schemes involving the Fuel Tax Credit, the Sick and Family Leave Credit, and household employment taxes.
July 8
