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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A congressional hearing with the Treasury secretary presaged a partisan battle over sweeping reductions set to expire at the end of next year.
March 21
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The Internal Revenue Service is urging businesses that have filed claims for the Employee Retention Credit to make sure they didn't incorrectly claim the credit and to come forward if they did.
March 21
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A pair of lawmakers proposed a bill to end the abuse of grantor-retained annuity trusts to avoid taxes.
March 20
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Next stop, more billions; misaimed mansion tax; auditing's future; and other highlights from our favorite tax bloggers.
March 19
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The Internal Revenue Service hasn't fully updated its plans to use the tens of billions of dollars in additional funds provided by the Inflation Reduction Act, according to a new report.
March 19
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With tax season in full swing, accountants need to have a game plan to mitigate the potential impacts the shortage may cause.
March 19
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Exxon Mobil Corp. won't move forward with one of the world's largest, low-carbon hydrogen projects if the Biden administration withholds tax incentives for natural gas-fed facilities.
March 19
