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 service admitted that some married taxpayers received erroneous notices for 2021 tax returns.
July 28
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The service had to set up the online portal quickly to allow parents to claim advance payments, but the rollout had some hiccups and over 1,300 taxpayers suffered ID theft.
July 28
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Senator Joe Manchin and Majority Leader Chuck Schumer have struck a deal on a tax, energy and climate bill, breaking a deadlock on the Democrats’ long-sought legislation to enact major parts of President Joe Biden’s agenda.
July 28
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A breakthrough deal between senators Chuck Schumer and Joe Manchin includes the extension of a popular consumer tax credit for the purchase of electric vehicles.
July 28
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The West Virginia senator opposes changes to the state and local tax deduction.
July 28
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Senate Majority Leader Chuck Schumer and West Virginia Senator Joe Manchin released the outline of a tax, climate and health care deal on Wednesday, in what could prove to be a major breakthrough after weeks of negotiations.
July 28
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Bloomberg Tax and Accounting’s annual state tax survey reveals nationwide trends in nexus policies and more.
July 28
