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.
-
Partners’ pay as a retention tool; volunteering to file; the global tax debate; and other highlights from our favorite tax bloggers.
June 21
-
The service said that as of June 10, it had processed more than 4.5 million of the more than 4.7 million individual paper returns received in 2021.
June 21
-
Investors who take a loss in a taxable account can use it to offset capital gains taxes owed from selling stocks that have appreciated.
June 21
-
Allen Weisselberg, facing a tax fraud trial, argued that state prosecutors are improperly trying to enforce federal laws.
June 21
-
The court agreed to decide how steep the penalties are for people who fail to file required reports with the federal government listing their foreign bank accounts.
June 21
-
The president said he’s aiming to decide this week whether to move to suspend the federal gasoline tax.
June 21
-
With two congressional recesses and an election coming up, time is running out.
June 20
