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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When filing season begins in two weeks, taxpayers should be prepared for delays as returns and refunds are processed, and for difficulties in reaching the IRS.
January 10
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The IRS will begin processing and accepting 2021 returns on Monday, Jan. 24, with a filing deadline of Monday, April 18.
January 10
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Democrats risk losing their edge in key suburban districts amid a stalemate that threatens plans to expand a tax break for well-off homeowners.
January 10
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The Internal Revenue Service has updated its guidance on claiming the Recovery Rebate Credit and issued a report Friday on how it responded last year to the COVID-19 pandemic.
January 7
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The Biden administration is poised to specify which cryptocurrency firms will be forced to report reams of customer data to the Internal Revenue Service, said people familiar with the matter.
January 7
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Seven digits short; Miami vice; nice going, Ace; and other highlights of recent tax cases.
January 6
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Complex taxes, IRS backlog, and more taxpayers seeking professional help will lead to a tough season.
January 6
