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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Rich Americans are hiding "vast amounts of income" from the Internal Revenue Service by exploiting a "deeply troubling" loophole in FATCA, according to a Senate report.
August 24
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The agency has become a target of GOP lawmakers in recent weeks after President Biden signed a new spending law with funding for tax enforcement, technology upgrades and taxpayer service.
August 23
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Scare tactics about the IRS; marketing for one; a new blog; and other highlights from our favorite tax bloggers.
August 23
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The Inflation Reduction Act has highlighted the perpetual tension within the agency between helping taxpayers and auditing them.
August 23
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There are several key strategic considerations for the in-house practitioner to put their company in a strong position to resolve a tax dispute.
August 23
Chamberlain Hrdlicka -
Most studies showing "tax alpha" through tax-loss harvesting assume investors are already rich, taxed in the highest brackets and flush with short-term capital gains.
August 23
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The proposed update aims to improve the accounting and disclosures for investments in tax credit structures.
August 22
