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 Internal Revenue Service began accepting tax returns Monday, promising improved help to taxpayers and new resources both in-person and online.
January 29
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As the Internal Revenue Service and tax professionals prepare for the start of tax season, last-minute tax law changes are possible thanks to a deal working its way through Congress.
January 26
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A recently introduced bill would, if passed, require the IRS to add scannable bar codes to electronically prepared paper returns, to encourage process efficiency.
January 26
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Parts of Trump's 2017 tax-cut package will expire in 2025, and Biden would only extend tax breaks for individuals earning less than $400,000 a year.
January 26
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A growing divide is emerging between Republicans and the business interests the GOP once unflinchingly championed.
January 26
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As the Internal Revenue Service develops guidance to implement these statutory requirements, it is finding it necessary to make some compromises.
January 25
Wolters Kluwer Tax & Accounting -
The Internal Revenue Service showed off its upcoming Direct File free tax preparation service ahead of its pilot test in a dozen states starting in March.
January 25
