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 IRS has expanded its enforcement efforts, including cross-checking foreign accounts reported on FBARs with information reported on tax returns.
April 4
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Danish prosecutors allege Shah oversaw a trading scam using a loophole on dividend payouts to reap duplicate tax refunds.
April 4
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Automakers have been waiting for the U.S. Treasury Department to help them figure out which of their cars are eligible for lucrative electric-vehicle tax credits. The Treasury's response: Keep waiting.
April 4
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The IRS has pushed back payment and filing deadlines for those impacted by tornadoes and severe storms.
April 3
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That decision may have been premature, according to a new report.
April 3
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The service is extending a transition period for an exception to the requirement for companies to pay taxes on royalties for intellectual property abroad.
April 3
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Billions of dollars available — through subsidies and tax credits — to promote the production and purchase of electric vehicles.
April 3
