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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Affected individuals and businesses now have until Feb. 15 next year to file various federal tax returns and make tax payments.
October 2
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Eleven states have created or expanded a fully refundable child tax credit following the expiration at the end of 2021 of the federal measure, which enabled families to get as much as $3,600 per child.
October 2
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The National Treasury Employees Union expressed a sense of relief after lawmakers in Congress unexpectedly managed to pass a stopgap spending bill.
October 2
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An IRS consultant allegedly leaked confidential tax information on former President Donald Trump and billionaires to The New York Times and ProPublica.
October 2
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Spain alleges that the Queen of Latin music owes $7.1 million for 2018.
September 29
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The service is allowing practitioners to see their client's tax information, including balance due amounts, as well as withdraw from their active authorizations online in real time.
September 29
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The service issued guidance Friday saying a redemption of shares in a money market fund won't be treated as part of a wash sale, which would subject it to taxes.
September 29
