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 Internal Revenue Service has hit taxpayers with over $162 million in penalties for claiming fraudulent tax credits touted on social media.
September 8
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The hedge fund manager known promised wealthy investors that he could help them take advantage of opportunity zones.
September 8
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Diversionary tactic; bad intentions; keeping it real; and other highlights of recent tax cases.
September 5
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Lawmakers introduced two pieces of legislation to completely eliminate taxes on Social Security benefits and extend the premium tax credits for health insurance for one year
September 5
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Plus, ADP launches wave of new AI features; Deloitte announces AI Infrastructure Center of Excellence; and other accounting tech updates.
September 5
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The bureaucratic burden is a less-discussed consequence of Trump's move to hike import taxes to a hundred-year high.
September 5
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The State Department can disclose tax return information to contractors who help revoke or deny a passport of anyone with a seriously delinquent tax debt.
September 4
