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 updated its FAQ on the Child Tax Credit on Tuesday with new information on eligibility and how to calculate the amount of the credits and payments.
March 8
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With more states allowing gaming, more taxpayers need to be aware of the tax rules around winnings.
March 8
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The American Rescue Plan created some major changes to the dependent care tax breaks for 2021, and they will likely save your clients a considerable amount of money. Here’s a quick refresher.
March 8
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These new and expanded third-party reporting requirements are aiming at improving tax compliance.
March 8
Wolters Kluwer Tax & Accounting -
The mortgage interest deduction is capped, but the investment interest expense deduction isn’t.
March 7
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The Internal Revenue Service is planning to increase the enrollment and renewal fees for enrolled agents, as the user fees for examinations are also set to rise.
March 7
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While the Biden administration’s Build Back Better Act remains stalled in the Senate, lawmakers may be able to advance some parts of the legislation, including tax credits for electric vehicles, solar panels and home energy efficiency that have wide appeal to voters.
March 7
