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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A pair of lawmakers proposed bipartisan legislation to streamline the tax filing extension process.
May 23
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It's 'a wakeup call' for taxpayers to stay on top of any communication they get from the service.
May 23
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The amendments give companies temporary relief from accounting for deferred taxes arising from the OECD's Pillar Two rules.
May 23
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Tax-loss harvesting can eke out some extra percentage points of return — if you don't try to time the market and miss a rebound.
May 23
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The European Commission is in court to contest a painful setback at a lower tribunal in 2020 over its record bill for the iPhone maker.
May 23
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The Treasury Secretary Janet Yellen underscored the urgency of the White House reaching a deal with Republicans to raise the debt limit.
May 22
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A pair of lawmakers proposed to raise the required threshold for reporting on gig payment transactions from $600 to $10,000.
May 19
