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 introduction of a minimum tax will affect a type of divestiture that up to now has gone untaxed.
September 13
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The legislation would deter the Internal Revenue Service from using the $80 billion in extra funding from the Inflation Reduction Act to increase audits of taxpayers earning under $400,000 per year.
September 12
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The Internal Revenue Service is improving its accessibility to blind and visually disabled taxpayers after a settlement with the National Federation of the Blind.
September 12
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The Internal Revenue Service's backlog is having an impact in many areas, including the handling of noncorporate applications for refund claims on net operating losses.
September 12
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The law includes tax credits for electric vehicles made in North America but the EU's concerns go beyond this sector.
September 12
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A look inside some of the green energy and energy-efficiency provisions of the new legislation, and what they'll mean going forward.
September 12
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Following FEMA's disaster declaration, the IRS is pushing back some deadlines to help local taxypayers.
September 9
