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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Automation pitfalls; partners in meetings; offering financial planning; and other highlights from our favorite tax bloggers.
October 31
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The classification of marijuana as a Schedule I controlled substance has put cannabis businesses in a bind as far as federal taxes go, even as more states move to legalize the plant.
October 31
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The Golden State is poised to fall well short of its budget forecasts as the recent stock market slump erodes the state's tax takings.
October 31
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The IRS's most recent study of how much taxpayers aren't paying suggests some important priorities going forward.
October 31
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Johnson's plan pays for Israel aid by cutting President Joe Biden's signature Inflation Reduction Act, calling for a $14.3 billion reduction in funding for the IRS.
October 30
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The Internal Revenue Service is extending two of its pandemic-related options for taxpayers and tax professionals.
October 30
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The Internal Revenue Service is providing a way for businesses to withdraw incorrect claims for the Employee Retention Credit, but what about the claims that have been paid out already?
October 27
