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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What did and didn't make it into the bill; Shopify and sales tax; why the IRS dawdled; and other highlights from our favorite tax bloggers.
December 27
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The new notices offer temporary clarity around two provisions of the Inflation Reduction Act of 2022, on the corporate AMT and the stock repurchase excise tax.
December 27
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At issue is whether the IRS needs to tell taxpayers when it gathers information about their bank accounts and other records.
December 27
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An in-depth look at the service's rules around how to boost certain Inflation Reduction Act incentives.
December 27
Engineered Tax Services -
The $1.7 trillion bill contains Secure 2.0, and changes in the Holding Foreign Companies Accountable Act and conservation easement rules, but it's missing some much desired tax breaks.
December 23
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The Internal Revenue Service and the Treasury are giving investment brokers more time to report information on transactions involving digital assets such as cryptocurrency.
December 23
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The earliest the information would be released is Dec. 27.
December 23
