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 service has been auditing the poorest wage earners more than higher-earning taxpayers, according to an updated report.
March 30
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The NTA issued a directive calling on the service to implement scanning technology as a way to reduce the backlog of unprocessed tax returns by 2023.
March 30
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The House overwhelmingly passed legislation that would expand the tax benefits for retirement accounts to bolster the savings of Americans.
March 30
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Ending tax-free wealth transfers through the longstanding step-up in basis loophole is among the proposals.
March 29
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Return of an audit; transforming tax proposals; virtual guidance; and other highlights from our favorite tax bloggers.
March 29
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The service had denied deductions for eco-friendly model home because of occasional personal use by the owners.
March 29
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The U.S. Federal Trade Commission has filed suit accusing TurboTax of overstating just how free its free filing options are, though Intuit denies the charge and said it will fight the case.
March 29
