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 former acting commissioner during the Obama administration is being nominated to fill Charles Rettig's spot.
November 10
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The Internal Revenue Service had 4.4 million unprocessed individual returns received this year as of Oct. 28.
November 10
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Time to review your policies, update your engagement letters and prepare for lawsuits.
November 10
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He'll always have Paris; 'cruel, callous and self-absorbed'; making Book; and other highlights of recent tax cases.
November 10
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Tax professionals have been clamoring for more detail and clarity regarding whether (and under what circumstances) corporations and partnerships must file Schedules K-2 and K-3, particularly where they have little or no foreign activity and shareholders or partners.
November 9
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Democrats' hopes for tax increases on the wealthy and corporations would be dashed should Republicans take at least one chamber, and prospects diminish for a windfall profits tax on oil companies.
November 9
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Voters in Massachusetts approved a measure to raise taxes on millionaires after a hard-fought battle, while Californians rejected a proposition that targeted the state's highest earners to pay for climate initiatives.
November 9
