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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Grains of truth; books by their covers; skin game; and other highlights of recent tax cases.
May 26
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The service is warning businesses to beware of schemes promoting abuse of the Employee Retention Credit.
May 25
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Cannabis companies need accounting support to remain compliant and keep their licenses, but there's some hesitancy for professionals like CPAs to provide services to this industry.
May 25
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More than anything else, that may prove a decisive element in ending the partisan standoff.
May 25
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Some Senate Democrats are pushing the Biden administration to impose tough limits on hydrogen tax credits they say will ensure the fuel lives up to its climate-fighting potential.
May 25
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The service had paused the notices last year while it tried to catch up on its backlog of unprocessed tax returns.
May 24
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The accounting firm's troubles center on revelations that a former executive had been barred by regulators for leaking government secrets to other PwC staff.
May 24
