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 backtracked from a plan to use facial recognition software from a third-party company for taxpayer authentication.
February 7
-
The unit that checks employee benefit plans for compliance with various requirements scored dramatically lower on its quality reviews in recent years, according to a new report.
February 7
-
The biggest win of her tenure — a global agreement on corporate taxes — remains incomplete.
February 7
-
Senate Finance chair Ron Wyden weighed in on the use of third-party facial recognition software ID.me in a letter to Commissioner Rettig.
February 7
-
A selection of TACs will be open on weekends once a month until the end of tax season.
February 6
-
The Internal Revenue Service backlog is adding to long delays in processing carryback refunds of net operating losses claimed by companies during the pandemic.
February 4
-
Republicans in Congress have written the service questioning the use of ID.me, and introduced a bill that would ban the practice.
February 4
