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 billions in student loan debt forgiveness announced by the Biden Administration will be exempt from federal taxation but could be taxable at the state level in more than a dozen states — a hiccup many states are expected to quickly handle.
August 26
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Plus Sovos acquired TOC Biometrics; Avalara and Xero are cooperating on an automated sales tax solution; and other news and updates from the world of accounting technology.
August 26
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Turn Two-timer; framed; the 30% solution; and other highlights of recent tax cases.
August 25
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The shift to a sustainability model is ushering in a new age of tax reporting.
August 25
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The country's progressive personal income tax schedule is undermined by deductions that largely benefit high-income earners.
August 25
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The tax agency will automatically issue the refunds or credits for most of the fees by the end of September.
August 25
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The service is providing relief to most individual and business taxpayers who filed their 2019 or 2020 returns late due to the pandemic.
August 24
