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 senator's opposition to giving clean-energy developers direct payments may significantly reduce the tax credits they could get from Democrats’ reconciliation package.
June 23
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Suspending the federal gasoline tax would be a largely symbolic move by an embattled president running out of options to ease pump prices weighing on Democrats’ political prospects.
June 22
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The only clear theme from a recent Senate hearing was the lack of certainty around when a retailer should start collecting tax.
June 22
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A recent report suggests that, should the government invest more in compliance, could mean billions more in tax dollars collected.
June 22
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The celebrity lawyer also copped to a number of other counts, including wire fraud related to embezzlement.
June 22
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NTA Erin Collins expressed concern Wednesday about continuing delays by the service in processing tax returns filed on paper last year.
June 22
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Senate Democrats have scrapped a $4,500 bonus tax credit for electric vehicles made with domestic union labor as they seek to wrap up negotiations on a spending deal.
June 22
