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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Legislation to extend the 20% deduction for pass-through businesses beyond its expiration date in 2025 is attracting bipartisan support in the House and Senate.
July 27
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Bad magic; this will hurt a bit; the Queen is dead; and other highlights of recent tax cases.
July 27
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The service is using the extra funding it received from the IRA to audit big, complex partnerships using data analytics and other technology tools, while working on hiring more experienced accountants.
July 27
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The Internal Revenue Service will be adding extra procedures to deter scammers who have been inundating the agency with bogus claims for the Employee Retention Credit.
July 26
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Lawyers and federal prosecutors came to an agreement during the hearing to limit the plea deal to apply to only tax crimes, drug offenses and a firearm violation between the years 2014 to 2019.
July 26
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The service is offering a program to speed up processing of requests for letter rulings from its associate chief counsel, mostly on behalf of corporations.
July 26
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AI and the IRS; the 1099-DA; your best banking products; and other highlights from our favorite tax bloggers.
July 25
