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 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
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Close to a thousand taxpayers who earn over $1 million a year failed to file tax returns over multiple recent years, potentially owing $34 billion in taxes, according to IRS data.
September 28
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The Treasury Department is in the midst of writing rules for how it will distribute the measure's tax credits from hydrogen projects to low-carbon aviation fuel, but work on that guidance could grind to a halt if the government closes.
September 28
