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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After the midterm elections, Republicans and Democrats will be focusing on a compromise to extend tax breaks for both groups.
October 18
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An IRS proposal has spawned confusion about whether non-spousal heirs to Roth plans need to take RMDs before draining the accounts after 10 years.
October 18
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An extra $80 billion over 10 years will have major repercussions — though not necessarily the expected ones.
October 18
Wolters Kluwer Tax & Accounting -
Nonprofit organizations lose an estimated 5% of their revenue each year to fraud.
October 17
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Florida, Texas and Arizona are the top destinations; the first two have no income tax, and the third is moving to a flat rate soon.
October 17
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The three lawmakers vying to chair the powerful Ways and Means Committee — Vern Buchanan of Florida, Jason Smith of Missouri and Adrian Smith of Nebraska — embody the ideological tension within the Republican Party.
October 14
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The PM scrapped her plan in another dramatic U-turn, hours after she fired Kwasi Kwarteng as U.K. chancellor of the exchequer.
October 14
