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 Treasury Secretary Janet Yellen underscored the urgency of the White House reaching a deal with Republicans to raise the debt limit.
May 22
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A pair of lawmakers proposed to raise the required threshold for reporting on gig payment transactions from $600 to $10,000.
May 19
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The kite stuff; a con extinguished; wrong number; and other highlights of recent tax cases.
May 18
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The Internal Revenue Service has deployed more filters to catch a growing number of tax returns filed by identity thieves, but fraudsters are continuing to collect millions of dollars despite those efforts.
May 18
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The service has been giving its employees training in how to deal with active shooter situations, as the agency faces an onslaught of threats.
May 18
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A judge handed the bankrupt holding company for the failed bank a victory in its strategy to pay bondholders.
May 18
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The Inflation Reduction Act encourages automakers to manufacture electric cars in the U.S.
May 18
