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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Living on borrowed time; seed money; two down; and other highlights of recent tax cases.
August 5
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The Internal Revenue Service is asking tax professionals to help clients who fell prey to identity thieves who have been filing unemployment claims in their names during the pandemic.
August 5
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With today’s business environment forcing companies to always be in a state of flux, the tax landscape will only become more complex.
August 5
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Two senior Democrats are proposing a bill that would go further than President Joe Biden’s plan and potentially raise quadruple the revenue.
August 5
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Congress is weighing a proposal to end the tax break next month to pay for the bipartisan infrastructure plan.
August 4
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Lawyers for former President Donald Trump are asking a federal judge to block the release of his tax returns to Congress, saying Democrats’ pursuit of the documents amounts to political retaliation.
August 4
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Senators Ron Wyden and Pat Toomey are drafting a proposal to overhaul a cryptocurrency provision in the $550 billion bipartisan infrastructure bill that traders and investors have criticized as being overly broad and impractical.
August 4
