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 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
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Partners’ pay as a retention tool; volunteering to file; the global tax debate; and other highlights from our favorite tax bloggers.
June 21
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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
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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
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Allen Weisselberg, facing a tax fraud trial, argued that state prosecutors are improperly trying to enforce federal laws.
June 21
