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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A chief counsel memo says taxpayers who want to claim tax deductions for donating cryptocurrency need to first receive a "qualified appraisal" if the amount exceeds $5,000.
January 23
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The Internal Revenue Service pledged to improve taxpayer service this year.
January 23
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There's a catch buried in the law: Projects that don't meet certain new wage and labor requirements only get a fraction of the credit.
January 23
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Former President Donald Trump has dropped a long-running court fight with Congress over access to his New York state tax returns, notifying a judge late Friday in a joint filing with a House committee that the new Republican leadership "has no interest" in the documents.
January 23
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Increasingly, tax functions are turning to the cloud to help with many of their data-processing needs.
January 20
EY US LLP -
The African giant says the deal is skewed to the interests of rich nations and could actually hurt the country's tax revenues.
January 20
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The new Rocket Tax offering pairs taxpayers with CPAs or EAs to prepare their returns.
January 19
