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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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
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The service plans to add improvements and staff to the office in the coming months.
March 4
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The Internal Revenue Service has released more information on tax credits available for paid sick and family leave under the American Rescue Plan Act of 2021.
March 4
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One accurate, one false; rotten fruit; security alert; and other highlights of recent tax cases.
March 3
