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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Signed into law last December and now partly in force, the sweeping retirement overhaul package presents new planning opportunities for millions of Americans and financial advisors.
May 15
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The service is reportedly planning to try out its own direct-file tax software with a limited group of taxpayers by next tax season.
May 15
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Members of the Senate and House introduced bipartisan legislation to build more housing with the credit.
May 15
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The Internal Revenue Service has caught up on much of the pile of unprocessed tax returns, but it's still not back to normal.
May 15
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Commissioner Werfel is promising to fix the method of selecting taxpayers for examinations that seems to lead to more Black taxpayers being audited.
May 15
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The North Carolina real estate appraiser is cooperating with prosecutors, as are five accountants who helped sell syndicated conservation easement tax breaks.
May 15
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The Big Four firm's Australia unit said former Telstra CEO Ziggy Switkowski will lead an independent review into its governance and culture.
May 15
