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 new GAO study adds more fuel to the research suggesting the agency should be probing more rich households. Tax pros say those efforts will have big implications.
February 29
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The Internal Revenue Service has begun sending notices to high-income taxpayers who haven't been filing tax returns since 2017.
February 29
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A British hedge fund trader pleaded guilty to allegations he helped swindle Denmark out of about 8.4 billion kroner ($1.2 billion) in a massive Cum-Ex scandal that rocked the Nordic country.
February 29
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The IRS has pushed back filing and payment deadlines for those affected by the August fires.
February 28
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The ability to write off research and development expenses in the first year would be revived if the Senate ever manages to pass the Tax Relief for American Families and Workers Act.
February 28
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The move would make New Jersey's corporate tax the highest rate in the country.
February 28
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The tax authority is drafting final regulations that would require crypto brokers, including exchanges, to report detailed information on their clients' transactions.
February 28
