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.
-
The IRS Criminal Investigation division names the worst of the worst of the past 12 months.
January 16
-
The average effective tax rate of profitable large corporations fell from 16% in 2014 to 9% in 2018 after passage of the Tax Cuts and Jobs Act of 2017.
January 13
-
The changes in the U.S. drop the price of Model 3 sedans and certain Model Y SUVs below the caps they needed to come under to qualify for as much as $7,500 electric vehicle tax credits.
January 13
-
Last year Murphy and the Democratic-led legislature approved a program that provides tax relief checks for homeowners and renters.
January 13
-
This year should be a better experience for taxpayers, with the IRS receiving additional funding, adding 5,000 customer service representatives, and reducing a large backlog of tax returns.
January 13
-
The real punishment lies in the potential long-term blowback to the former president's business, going beyond reputational damage to freezing it out of coveted deals, bank loans and government contracts.
January 13
-
Tax advisors have long said it's inadvisable to die in Massachusetts, but now it may also be worth thinking twice about living there.
January 13
