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 tool will help U.S. withholding agents comply with their reporting and withholding responsibilities with Form 1042-S.
November 15
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Sales taxes have risen to an average of between 25% and 35% across countries that are part of the OECD, according to a new report.
November 15
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In 2018, when federal agents raided the Bermuda home of his trust manager, leading ultimately to Robert Brockman’s indictment on charges of evading taxes on $2 billion, prosecutors say he began assembling evidence that his mind was failing. If true, he could be excused from standing trial in the largest such case in U.S. history.
November 15
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Despite a host of issues, they aim to vote this week on the roughly $2 trillion tax and spending bill.
November 15
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Donor-advised funds increased their donations to charities last year in response to the COVID-19 pandemic, hitting the biggest levels in over a decade.
November 12
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The service’s recent move to set new requirements for claiming refunds on research tax credits is provoking an uproar among tax professionals.
November 12
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Lawmakers representing high-tax areas are pushing to make the SALT deduction on federal income taxes a priority.
November 12
