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 free tax program will now import a taxpayer's information from the previous year, as a report finds the program could cost the IRS considerably more than the estimated $249 million per year to maintain.
April 9
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Chief obstacles; tax illiteracy; what makes a great preparer; and other highlights from our favorite tax bloggers.
April 9
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The Internal Revenue Service urged tax professionals to steer clear of so-called "spearphishing" scams from cybercriminals, including identity thieves posing as new clients.
April 9
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At 90,315,000, the number of individual returns received this tax season finally surpassed the same period last year, up 0.2% as of March 29, 2024.
April 9
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The Internal Revenue Service clarified the treatment of money paid for energy-efficient property and improvements in Announcement 2024-19.
April 8
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More than 70 of the Internal Revenue Service's assistance centers will be open for walk-ins from 9 a.m. to 4 p.m.
April 8
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The Internal Revenue Service is making some changes in the way it sends tax transcripts for clients to tax professionals to beef up security.
April 8
