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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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
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The former vice president said his former running mate's proposal for a 10% universal tariff would cost U.S. jobs and worsen inflation for American families.
September 29
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No Relief; fakin' it; consider it reconciled; and other highlights of recent tax cases.
September 28
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About two-thirds of service employees would be furloughed in the event of a shutdown, which appears likely this weekend.
September 28
