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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Math error not in your favor; TIN matching; worst-written notices; and other highlights from our favorite tax bloggers.
April 26
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March saw the release of an OECD framework and a Biden executive order that set the tone for digital assets.
April 26
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The unanimous decision overturned a Tax Court refusal to hear a taxpayer’s challenge to an IRS assessment that came one day late.
April 26
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The new solution allows for automated data importing in multiple formats from different sources for fixed asset transactions for both financial and tax accounting purposes.
April 26
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Advisors tend to avoid clients' tax issues when they involve the IRS. It's a missed opportunity to add value.
April 26
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The lobbying comes as Democrats and the White House work to advance a new version of the so-called Build Back Better Act.
April 26
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A judge ruled that Donald Trump is in contempt of court for failing to turn over records in New York’s probe into asset valuations at his real estate company.
April 25
