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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After coming under pressure from an array of tax and accounting professional associations and hundreds of members of Congress, the Internal Revenue Service said Thursday it would suspend issuance of some of its automated penalty notices to taxpayers, but tax and accounting groups say the agency isn’t providing enough relief.
January 27
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CEOs are turning their attention away from the pandemic to fighting inflation, according to a survey by PwC.
January 27
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The service is under pressure from lawmakers to stop penalties and pause automated collections from taxpayers who have been caught in a processing backlog.
January 27
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While there's much that remains uncertain, there are a host of complications we can already identify.
January 27
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Things are going to get difficult, and practitioners shouldn’t expect help from the IRS, experts warn.
January 26
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There may be a silver lining for crypto investors selling at huge losses during the recent market turmoil.
January 26
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American competitiveness is at stake, according to a top U.S. Treasury official.
January 26
