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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Accountants who advise private equity clients will want to be aware of what these mean for private equity sponsors and their portfolio companies.
October 15
Stout -
A review of over 800 calls found that the overwhelming majority of phone interactions with Internal Revenue Service reps were courteous and professional.
October 15 -
Prosecutors agreed to dismiss the indictment against Ver, who admitted that he failed to pay all the taxes that he owed to the IRS on the sale of Bitcoin after he renounced his U.S. citizenship.
October 14 -
The giant automaker is taking a hit as the market for electric vehicles is reshaped by the Trump administration's removal of tax credits and other incentives.
October 14 -
Shutdowns and tax obligations; 529 money and the CPA exam; gig questions; and other highlights from our favorite tax bloggers.
October 14
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Despite the government shutdown, the IRS is reminding taxpayers and tax professionals that 2024 tax returns that were put on extension are still due.
October 14 -
Taxpayer Advocate Erin Collins warns about the potential downsides for some taxpayers of the IRS moving entirely to electronic payments.
October 14






