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 new year brings a new tax season and the opportunity to advise clients on ways to save money on their taxes.
January 5
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A combination of direct government funding and tax breaks for nonprofit news organizations could help support public interest journalism.
January 5
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In addition 3 1/2 years in prison and three years of probation, Singer must pay $10.7 million in federal income taxes he dodged.
January 5
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U.S. and European investment into mainland China has largely been channeled through offshore vehicles set up by Chinese companies in tax havens.
January 5
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The U.S. government has angered Tesla's Elon Musk and handed welcome news to other automakers like Hyundai with guidance on which electric vehicles will qualify for tax credits in the coming months.
January 5
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The use of private agencies spiked in 2021 and yet, despite this, they collected only 2.78% of total delinquent tax accounts assigned to them by the IRS.
January 4
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The Internal Revenue Service audited fewer taxpayers last year, according to a new report, although audits of millionaires ticked up slightly.
January 4
