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 uber-rich are already using a trick to avoid paying the higher taxes proposed by Democrats, but it won’t work for the moderately.
September 13
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Lawmakers are seeking to extend the recently expanded tax break through 2025, endorsing a key component of the president’s social safety net plan.
September 13
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Their package of tax increases falls short of President Joe Biden’s ambition, however.
September 13
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The IRS's strategy for examining claims for the Earned Income Tax Credit are falling short, according to a new report.
September 10
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Planning should involve consideration of economic credits and incentives, which focus on future savings and future growth goals.
September 10
McGuire Sponsel -
Two senior Democratic senators proposed the tax in an effort to boost investment and reduce what they termed 'tax avoidance.'
September 10
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The Ways and Means Committee voted to approve 12 weeks of paid family leave and a mandate to enroll employees in retirement accounts.
September 10
