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 service is cautioning taxpayers against claiming exaggerated deductions for purported donations of artwork, as it sees a rise in such schemes.
October 5
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The TE/GE Division didn't provide satisfactory answers to many of the questions it received from taxpayers, according to a new report.
October 5
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The service has been working hard to implement the dozens of tax provisions contained in last year's Inflation Reduction Act, according to a new report.
October 5
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The service is reducing the annual cost of a Preparer Tax Identification Number after a court ruled that the charge was too high.
October 4
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The 2022 law created two new credit delivery mechanisms, allowing governments, nonprofits and other entities to take advantage of the credits.
October 4
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The worst five states for tax preparer scams averaged more than 32 million reported scams in 2023.
October 4
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Your employees' well-being; statutory residency; new blog in town; and other highlights from our favorite tax bloggers.
October 3
