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 bill stems from the relocation and rise in value of PhonePe, which Walmart took majority ownership of after acquiring parent outfit Flipkart Online Services.
January 4
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Big offenders; the profession's coming year; new blog on the block; and other highlights from our favorite tax bloggers.
January 3
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The revenue-raising provision of the Tax Cuts and Jobs Act took effect despite efforts to extend the tax break.
January 3
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If the 'secondary' spouse makes a balance-due payment to the IRS, it may not get credited to their account.
January 3
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Notice 2023-2 offers interim guidance on the 1% tax introduced by the Inflation Reduction Act of 2022.
January 3
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Highlights from the former president's returns for 2015 to 2020, from write-offs to the SALT deduction and more.
December 30
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The returns include personal and business filings from 2015 to 2020, and are the first complete look into his tax records for the years he was running for office and in the White House.
December 30
