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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West Virginia didn’t need to change the laws to begin taxing streaming services.
October 26
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With banks and the Federal Reserve now eyeing more lasting inflation, many financial advisors are adjusting things for their clients.
October 26
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Some House lawmakers raised doubts about the terms of the deal and whether differences could be resolved in the next few days.
October 26
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The Senate Republican leader ridiculed a tax plan targeting the unrealized capital gains of the ultra wealthy as a “harebrained scheme.”
October 26
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President Biden will likely be unable to keep one of his key campaign promises because of unyielding resistance among even some in his own party to raise taxes.
October 26
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A failure to use tax data may represent a major missed opportunity, however.
October 26
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The Internal Revenue Service’s Taxpayer Advocate Service helped thousands of taxpayers last year with economic impact payments under the CARES Act, but it took months to start addressing them, often with the wrong cases.
October 25
