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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Taxpayers who exit the tax system by not filing a required return have emerged as a growing and under-the-radar problem for the IRS.
March 7
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There are talks of protesting a key piece of tax law that prevents marijuana companies from deducting expenses like other companies do.
March 7
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President Joe Biden will propose increasing the minimum rates paid by major corporations to 21% and eliminating breaks for companies with high-paid executives Thursday night.
March 7
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Four states have no state and local sales taxes, making them the most attractive places for consumers to go shopping.
March 7
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The IRS has released two new sets of regs and guidance on different credits.
March 6
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An analysis by the Washington Post found the generative AI chatbots from both companies can give tragically wrong tax answers.
March 6
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The customers include a Brazilian businessman whose Florida residence was raided by the IRS and a Colombian family featured in a Senate report about the bank's role in tax evasion schemes.
March 6
