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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Ottawa has pledged to implement a new digital services tax in early 2024, unless a global tax agreement is ratified by OECD countries.
July 18
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The service wants practitioners, particularly in smaller tax practices, to use a new template to create a data security plan.
July 18
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A Dutch tax advisor who had a client list of top DJs and fashion industry figures was arrested in Italy and extradited to the U.S.
July 14
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The agency is also planning in-person visits to help taxpayers in underserved areas.
July 14
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The service plans to issue final regs related to required minimum distributions from retirement accounts in light of the SECURE 2.0 Act.
July 14
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The Internal Revenue Service is making progress on its modernization efforts after receiving billions in extra funding.
July 14
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Poor Quality; for king and country and cash; a penny saved; and other highlights of recent tax cases.
July 13
