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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A limited number of tax-exempt organizations won't be able to electronically file their income tax returns until the middle of March due to technology upgrades.
January 18
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Proponents of affordable housing are hearted by provisions related to the Low-Income Housing Tax Credit, saying they could result in financing over 20,000 homes.
January 18
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As tax-friendly as the rules are for HSA funds during an individual's lifetime, they can become much more punitive for funds left over after the original account owner dies.
January 18
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The IRS reviews all income tax brackets annually, making adjustments as necessary to balance for inflation.
January 18
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Tech giant Intuit has filed suit against H&R Block, accusing the tax prep giant of making false and misleading statements regarding prices.
January 17
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The Internal Revenue Service offered information about how business owners can avoid electronically filing their income tax forms if it violates their religious beliefs.
January 17
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The proposal would eliminate so-called double taxation of Taiwanese workers and firms in America.
January 17
