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 Treasury and the IRS issued proposed regulations to revise the threshold for when third-party settlement organizations need to perform backup withholding.
January 8
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In today's environment, marked by heightened enforcement and stricter rules, the quality of year-end TP execution can materially influence audit outcomes.
January 8
Baker Tilly -
Tax season is starting as a number of new provisions of the One Big Beautiful Bill Act take effect.
January 8
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The Institute wants the IRS to develop an automated procedure to expedite extension requests for taxpayers to replace property destroyed by disasters.
January 7
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Right now, cannabis businesses operating legally under state law still can't deduct basic costs like rent, salaries or marketing.
January 7
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Under a proposed ballot initiative in California, billionaires would face a one-time 5% levy to cover funding shortages for health care, food assistance and education.
January 7
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The tax shield on student loan forgiveness has expired. Here is how advisors can help clients lower their burdens.
January 6
