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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From 2020 and 2021, seven different tax return types varied by more than 20% (up or, in one case, down) in terms of how many were filed year over year.
March 24
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The IRS proposed new rules on non-fungible tokens this week, and accounting professionals in the space see the agency starting to get serious about these assets.
March 23
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Final salute; Patriot game; books by their covers; and other highlights of recent tax cases.
March 23
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The service's Criminal Investigation unit investigated 975 tax and money laundering cases related to COVID-19 with fraud totaling $3.2 billion.
March 23
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It's vital to take a personalized approach to each business to understand their circumstances, help determine whether they're eligible for Disaster ERCs, and accurately calculate potential credits.
March 23
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The Internal Revenue Service updated its frequently asked questions about the information return for reporting transactions involving payment cards and third-party networks.
March 22
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Just two issues accounted for almost a third of all cases where people sought assistance from the Taxpayer Advocate Service.
March 22
