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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President Joe Biden’s acknowledgement that he doesn’t have sufficient Senate Democratic backing for his proposed increase in the U.S. corporate tax rate gives fresh impetus to efforts by negotiators to find alternative revenue sources for a sweeping social-spending bill.
October 22
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Democratic negotiators have been working to address opposition from Senator Kyrsten Sinema, an Arizona moderate, to boosting rates.
October 22
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Riviera rip-off; questionable deductions; fled the country; and other highlights of recent tax cases.
October 21
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The IRS is reminding tax pros that current Preparer Tax ID Numbers will expire on Dec. 31.
October 21
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Midsized businesses spend 163 hours per month on sales tax compliance, typically costing more than $17,000, according to a new survey.
October 21
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Economic development credits and incentives programs traditionally are applied to two areas: new investment and new jobs.
October 21
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They're exploring alternatives after months of focusing on proposals to increase tax rates on income and capital gains.
October 21
