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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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
McGuire Sponsel -
They're exploring alternatives after months of focusing on proposals to increase tax rates on income and capital gains.
October 21
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Congressional Democrats are at odds over President Biden’s economic agenda, even as party leaders aim to have a deal outline by the end of the week.
October 21
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The spending package could still include a measure to expand or temporarily remove the cap on the deduction on state and local taxes.
October 20
