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 state's new tax on second homes is nicknamed for its most famous part-time resident, but the levy will also squeeze owners whose houses are far less grand.
July 1
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Clients can maximize profits by paying the tax bill outside of the conversion — and more reminders for advisors before they guide clients through Roth conversions.
June 30
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Fight belongs at federal level; Circular 230 still matters; make everything stick; and other highlights from our favorite tax bloggers.
June 30
Matters Editorial -
The Internal Revenue Service consistently falls short of its longstanding 14% goal of hiring veterans, with annual hiring typically ranging from 7% to 11%.
June 30
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The Supreme Court left in place a decision that should change how practitioners talk to clients about old returns and how to evaluate the people who prepared them.
June 30
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The super wealthy are accustomed to finding ways to shrink their tax bills. But with New York City's new levy, many are learning they might just have to pony up.
June 30
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The Internal Revenue Service is having trouble keeping track of exactly which other agencies are receiving the data, according to a new report.
June 29
