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 transaction tax landscape is rife with tricky and complex regulations, and when use tax comes into the equation, it gets even more confusing.
January 28
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Democratic senators want more money for the agency to help taxpayers.
January 28
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Opponents of the plan filed a lawsuit claiming a state summary of a November ballot question misleads voters.
January 28
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An airy idea of loans; did they have a deal for you; bar flies; and other highlights of recent tax cases.
January 27
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A top House Democrat suggested Thursday that his party scale back eligibility for child tax credits as a way to unlock President Joe Biden’s stalled economic agenda.
January 27
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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
