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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They are the latest target of probes into whether Opportunity Zones are driving investment and job creation in low-income communities.
March 28
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President Joe Biden made a fresh effort on Monday to persuade Congress to take steps to overhaul the tax code and squeeze more revenue from the largest companies and the wealthiest households.
March 28
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The Internal Revenue Service is suspending a number of notices it usually mails to tax-exempt organizations and governmental entities when it’s missing their tax returns, citing the pandemic and the IRS’s own backlog of unprocessed tax returns and correspondence.
March 28
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The administration is calling for more than $2.5 trillion in tax hikes on wealthy and large corporations over a decade.
March 28
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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
