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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Practitioners share what they tell clients who insist on preparing their own tax returns.
February 28
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The Supreme Court scaled back the federal penalties for failing to file required reports listing foreign bank accounts in a ruling likely to help some Americans living abroad.
February 28
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Crypto miners and staking-service providers may learn in the days if they have to report information on their clients' transactions.
February 28
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Democratic Governor Phil Murphy has promised no new taxes or transit fare hikes, and more funds for low- and middle-income residents' needs.
February 28
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The service is giving taxpayers more time to file tax refund claims for tax returns they filed earlier in the pandemic.
February 27
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A GAO report has several suggestions for decreasing the difference between taxes owned and taxes paid.
February 27
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The average refund is smaller, but the IRS has been keeping up on processing returns so far.
February 27
