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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As inflation continues to rise, the service is increasing some, but not all, of the special per diem rates for expenses while traveling.
September 26
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The first half of 2023 saw a flurry of state and local changes, with governments relying more on indirect taxes as borrowing becomes more expensive and the cost of providing programs increases.
September 26
Vertex -
The IRS says taxpayers in Maine and Massachusetts who were hit by the hurricane now have until Feb. 15 to file and pay some taxes.
September 25
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The would-be Republican candidate is proposed eliminating the state and local tax deduction entirely, among other things.
September 25
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The service is developing a contingency plan that may involve cutbacks if Congress can't reach a deal.
September 22
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The proposed regulations define a digital asset as any digital representation of value that is recorded on a cryptographically secure distributed ledger or any similar technology.
September 22
Wolters Kluwer Tax & Accounting -
A taxpayer failed in his quest to use the "reasonable cause and good faith" exception to avoid an IRS fine of hundreds of thousands of dollars.
September 21
