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 IRS and the Treasury issued guidance on some of the requirements for claiming credits under the Inflation Reduction Act.
August 29
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New Zealand will introduce legislation this week that enables a digital services tax on large multinational companies, though the levy won't be imposed until 2025.
August 29
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The Internal Revenue Service correctly calculated the allowable Recovery Rebate Credit for the vast majority of 2021 tax returns, but some erroneous payments were made, according to a new report.
August 28
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For overpayments and underpayments, the rate will be 8% per year.
August 25
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Five experts helped FP compile a big list of potential deductions and strategies surrounding retirement plans and business entity structures.
August 25
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The Internal Revenue Service is giving people until 2026 to comply with a new requirement for Roth catch-up contributions.
August 25
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Two Republican lawmakers are asking the Internal Revenue Service to explain what happened to microfilm cartridges filled with years' worth of taxpayer data that appear to have vanished.
August 25
