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 recent study found that using machine learning in tax audits can significantly increase evasion detection as well as delinquent tax collection.
December 19
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The tax landscape for U.S. multinationals is about to get messier now that the European Union has adopted a 15% minimum tax for big companies, unless Congress takes action.
December 19
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Gary Harmon was charged after 713 digital tokens, then worth almost $5 million, disappeared from a hardware wallet in an IRS evidence locker as authorities watched helplessly.
December 19
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The agency plans to return to pre-pandemic levels of service next filing season.
December 16
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Chances are dimming that Congress will take up a multibillion-dollar package to renew a cluster of business tax breaks and provide a more generous child tax credit before lawmakers leave Washington for the year.
December 16
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E-file evasion; a.k.a. a CTR scam; fancy cars and a dead mom; and other highlights of recent tax cases.
December 15
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Recent news of tax solutions leaking data to third parties like Facebook have raised concerns about how accountants can protect client privacy in the age of big data.
December 15
