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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Professional accountants have an important role in driving better tax education.
March 28
International Federation of Accountants -
When preparers or younger accountants complete their assignment, but before they submit it for review, they should review it for reasonableness.
March 28
Withum -
The budget calls for a minimum 20% tax rate that would hit both the income and unrealized capital gains of households worth more than $100 million.
March 28
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The proposal aims to collect more revenue from the largest U.S companies that are earning more than they did before the pandemic and war in Ukraine.
March 28
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The request will show a $1 trillion reduction in deficit spending over the coming decade, generated in part by a new tax targeting billionaires.
March 28
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The $2.6 billion Miami firm is the largest independent advisor yet to take advantage of the U.S. territory’s incentives.
March 27
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The Internal Revenue Service updated its frequently asked questions page on how tax professionals should deal with the third round of Economic Impact Payments for their clients.
March 25
