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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Rajiv Uppal will begin assisting with the agency's transformation work in early 2024.
November 17
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Democratic lawmakers want the service to look into the possible abuse of tax breaks on the island.
November 17
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Shell of a way to work; RICO rip-off; fun with refunds; and other highlights of recent tax cases.
November 16
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The ultra-wealthy are using DAFs and private foundations to avoid taxes and exert influence, at the expense of ordinary taxpayers.
November 16
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Thanks to the lower threshold, the service expects to receive about 44 million 1099-Ks in 2024, up from about 14 million.
November 16
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Financial advisors and tax professionals working with entrepreneurs and potential startup investors should consider an often-overlooked exemption, experts say.
November 16
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While the vast majority of firms said they have branched into that area, the results suggest they may be missing part of the business opportunity.
November 16
