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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Ouch; a lakely story; triple threat; and other highlights of recent tax cases.
November 3
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The Internal Revenue Service's CI unit opened more than 2,550 criminal investigations and identified over $31 billion from tax and financial crimes.
November 3
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The Internal Revenue Service released three notices asking for comments on the guidance it should issue related to some of the renewable energy-related provisions of the Inflation Reduction Act.
November 3
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Estate tax collections in 2021 hit their highest levels since former President Donald Trump's tax cuts took hold, a stark trend reversal that experts attribute to one-off pandemic factors.
November 3
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U.S. Supreme Court justices questioned the legality of stiff penalties the federal government says it can impose on people who fail to file required reports listing their foreign bank accounts.
November 3
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The clock is running out on the administration's efforts to tame fuel prices ahead of midterm elections.
November 2
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Jurors in the Trump Organization's criminal tax fraud trial saw how longtime CFO Allen Weisselberg collected a host of perks, including a rent-free apartment.
November 2
