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 Treasury Department and the Internal Revenue Service expect to issue proposed regulations to address the application of the foreign tax credit and related rules.
December 11
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The five S&P 100 companies with the lowest overall tax rates paid an average of -18.87% in 2022.
December 11
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The latest indictment against the president's son accuses him of avoiding taxes while living lavishly, including withdrawing $1.66 million in cash over a four-year period.
December 11
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The Internal Revenue Service's Independent Office of Appeals hopes to improve both service and the experience of its workforce.
December 8
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The service is sending 20,000 disallowance letters, with more action and a voluntary disclosure program coming.
December 8
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A political headache is mounting for the White House and Democrats as the 2024 campaign ramps up.
December 8
