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 service's decision to destroy around 30 million unprocessed paper information returns to reduce its backlog during the pandemic probably had little effect on taxpayers, according to a new report.
November 13
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The American Institute of CPAs is rolling out some changes in its tax standards that will take effect in January.
November 13
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Planners and their clients can use the annual cost-of-living adjustments as a helpful reminder to consider tweaks to retirement savings and strategies, experts said.
November 13
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Cooling economic growth, tax cuts and weak stock-market performance are big contributors to the drop.
November 10
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In its annual report, the advisory council recommends that the agency prioritize educating lawmakers.
November 10
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The IRS and preparers are preparing to navigate the filing season ahead.
November 10
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Proposed regulations from the IRS are generally effective beginning in 2024.
November 10
Wolters Kluwer Tax & Accounting
