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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Among his mandates: having the IRS call taxpayers back, rather than making them sit on hold.
December 13
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A French court of appeals upheld a 2019 finding that the bank had illegally helped clients hide money, but levied less than half the original penalty.
December 13
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Puerto Rico is becoming a haven for crytocurrency investors looking to protect their gains.
December 13
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A group of 99 House Republicans has sent a letter to Internal Revenue Service commissioner Charles Rettig asking for information about how the IRS plans to fix the backlog of unprocessed tax returns before the 2022 filing season.
December 10
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For Americans worried about rising prices and shrinking household budgets, January could bring another blow to the bottom line.
December 10
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The Internal Revenue Service is asking more charities and tax-exempt organizations to file their information returns electronically as required by the Taxpayer First Act of 2019, but its aging systems are experiencing delays that are frustrating tax professionals.
December 9
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Just make up employees; working from home; distrust; and other highlights of recent tax cases.
December 9
