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's new practice unit stresses that agents should look more closely at designers of government-owned buildings than at commercial building owners.
July 15
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The West Virginia senator told Democratic leaders Thursday he would not support new spending on climate measures or tax increases.
July 15
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Off to the stockade; for the kids; untrustworthy; and other highlights of recent tax cases.
July 14
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A group of Senate Democrats is urging the Internal Revenue Service to extend the filing deadline for people with individual taxpayer identification numbers who have been affected by the massive processing delays at the IRS.
July 14
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The Internal Revenue Service is being urged to pilot test virtual visits with paid tax preparers through videoconferencing technology as a way to reduce the number of errors in claims for refundable tax credits in a new government report.
July 14
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Elizabeth Warren and nearly two dozen colleagues in the Senate introduced legislation to enable more taxpayers to file their taxes online for free directly via the service.
July 14
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A Senate plan to expand taxes on some businesses to bolster Medicare raised alarms about inflation, potentially complicating Democrats’ attempt to pass a broad economic package.
July 14
