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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Under the 2017 Tax Cuts and Jobs Act, R&E expenses paid or incurred after 2021 must be capitalized and amortized over five years (15 years if research is performed overseas).
October 20
Tax & Accounting Professionals business of Thomson Reuters -
Lawmakers are rejiggering the proposal after a wave of criticism by Republicans and bank lobbyists.
October 19
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South Dakota’s new industry; a little clarity on contractors; the IRS and collections; and other highlights from our favorite tax bloggers.
October 19
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The Internal Revenue Service has been extending tax relief to Americans affected by natural disasters like hurricanes and wildfires, but recent legislation could make it easier to qualify for federal tax relief.
October 19
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Trade groups and Republicans in Congress are marshalling arguments based on privacy, constitutionality and other concerns.
October 19
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The deal expands the reach of the tax compliance software company into real and personal property taxes.
October 19
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The Treasury Department suddenly softened its plan to track consumer transactions after critics protested that it would target low-income workers.
October 19
