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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Refund madness; without oversight; waste not, definitely want not; and other highlights of recent tax cases.
February 17
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The Internal Revenue Service had a backlog of over 17 million unprocessed tax returns from last year as of early February as the agency copes with an unprecedented workload during the current tax season.
February 17
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The IRS is warning preparers about an email scheme that aims to steal their software logins.
February 17
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Taxpayers who moved to another state during the pandemic to work remotely have been dealing with a more complicated tax season than usual.
February 16
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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
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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
