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.
-
The Internal Revenue Service is providing relief from filing a Schedule K-2 or K-3 information report this year for some partnerships without foreign activities.
February 16
-
Even though many of the legislation’s original elements, like providing free community college education, were removed, it’s still full of tax provisions.
February 16
Oak View Law Group -
The chief policy officer for the U.S. Chamber of Commerce said the group has grown concerned that a global tax deal may “fundamentally disadvantage U.S. companies.”
February 16
-
Under IRS rules, donors can both deduct the value of the gift and avoid any capital-gains tax on the investment.
February 16
-
Just a little off; handling online reviews; a star EA; and other highlights from our favorite tax bloggers.
February 15
-
The Internal Revenue Service updated its frequently asked questions page on higher education emergency grants for pandemic-related financial aid, with new information for students and educational institutions.
February 15
-
The service has overhauled Form 14457 as it cracks down on the use of cryptocurrencies like Bitcoin to evade taxes.
February 15
