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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With extensive staffing cuts at the IRS since last year, fresh questions are arising over the usefulness of the CAP program for corporate taxpayers.
August 10
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The IRS needed a month to process paper tax returns this filing season, double the amount last year, due to staffing shortages and unavailable systems.
August 10
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The confirmation followed a weeks-long saga over a controversial personal settlement Blanche authorized for Trump over leaks of his tax information years ago.
August 10
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The proposal would impose a new requirement on Trump, who isn't currently required to sell his assets while serving in office.
August 7
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The suit now includes the National Treasury Employees Union as a plaintiff.
August 7
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If the DOJ can revise immunity language in one of the highest-profile tax settlements in memory, then no closing agreement your client is holding is immune.
August 7
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The wide-ranging Taxpayer Assistance and Service Act includes a requirement for a new IRS office to educate businesses about child care tax breaks.
August 6
