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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The service issued a set of frequently asked questions Monday for filing season, with new material added on the expanded Child Tax Credit.
January 31
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A group representing managers at the service is pushing back against demands to stop sending automated tax notices to taxpayers.
January 31
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Tax professionals feel a strong sense of purpose and a positive impact on their communities in helping clients deal with their taxes, according to a new survey.
January 31
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There are 128 tax season, practice management and personal tips checklists, and a Getting Your Affairs in Order Tool Kit with 25 added checklists.
January 31
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The House speaker cast doubt on a drive by progressive Democrats to get some version of President Biden’s agenda through Congress by March 1.
January 31
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The department is reconsidering the IRS’s reliance on facial recognition software ID.me for access to its website.
January 31
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The dervice is urging people to use the information in their online taxpayer accounts for the most up-to-date figures on the amount of the advance CTC.
January 30
