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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Attorney General Letitia James says Uber from 2014 to 2017 improperly deducted sales tax and other fees from driver paychecks that should have been paid by passengers.
November 2
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Taxpayers will now have through Jan. 10, 2025, to fix a refund claim.
November 1
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A new proposal would create new definitions of digital goods for state taxation.
November 1
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The service issued its annual adjustments for retirement plans, with some reflecting changes in the SECURE 2.0 Act.
November 1
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House Republicans would paid for aid to Israel by slashing funds for the Internal Revenue Service.
November 1
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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
