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 legislation is still tied up in the Senate, as senators seek changes in some of the provisions, such as the expanded Child Tax Credit.
February 12
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Hundreds of Internal Revenue Service employees and contractors continued to have access to at least one sensitive IRS computer system even after they stopped working there.
February 12
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Bill Harris, the former CEO of Personal Capital, TurboTax and PayPal published a new edition of his "Investment Tax Guide" with the future of the industry in mind.
February 12
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Corporations will be the beneficiaries of a reduction in the top marginal rate in all six states.
February 12
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Tax software provider Vertex found a strong majority of companies have made material mistakes on indirect tax compliance, as few identify as risk averse.
February 12
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The Internal Revenue Service revised its frequently asked questions page on the Premium Tax Credit used for buying health insurance through the ACA marketplaces.
February 9
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A provision paying for breaks for parents and business owners has earned widespread praise, but an expert says financial advisors should be on alert.
February 9
