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 biggest set of U.S. tax increases in a generation took a major step forward on Wednesday.
September 15
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Lawmakers proposed bipartisan legislation in the Senate to allow the Internal Revenue Service to postpone filing deadlines when a state-level disaster declaration is issued, rather than waiting for the federal government.
September 15
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It can help firms and clients improve their bottom line, while boosting diversity, team morale and community relations.
September 15
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Janet Yellen has one of the biggest to-do lists in Washington: usher in a global tax overhaul, press Wall Street on climate change and distribute billions of dollars in COVID relief.
September 15
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The proposal to end the step-up in basis was already facing obstacles before it was left out of draft legislation.
September 15
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Buyback fallacy; change proposed for quarterly taxes; solidifying client relationships; and other highlights from our favorite tax bloggers.
September 14
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Taxpayers and tax professionals in some Western states will need to begin using a new mailing address.
September 14
