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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With Congress having terminated the Employee Retention Credit, Notice 2021-65 explains what businesses that claimed it need to do.
December 6
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Doctors and health care organizations are dealing with not only the COVID-19 pandemic and its variants, but also with changing tax laws and accounting standards.
December 3
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The Internal Revenue Service said Friday it will be rolling out the ability to electronically file the new Schedules K-2 and K-3 next year, but not at the beginning of the filing season.
December 3
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Eliminating the revenue-raising R&D amortization provision in the 2017 tax reform is the best way forward for U.S. innovation.
December 3
TaxOps Minimization -
The government has worked hard over the past decade to stop Americans from hiding bank accounts offshore. But not hard enough.
December 3
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Mary Trump said her uncle’s lawsuit over her role as a source for a report on the former president’s tax avoidance violates a law against frivolous litigation.
December 3
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Senate Democrats negotiating an expansion of the state and local tax deduction aren’t near a deal, raising the prospect that talks will spill into next week — and potentially next year.
December 3
