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 company acquired Tax Prodigy, which calculates income tax-related elements of financial statements.
August 6
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Among the unresolved issues is how to modify a provision dealing with reporting requirements for cryptocurrency transactions.
August 6
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Wyden’s proposed legislation would require them to pay tax annually on unrealized gains.
August 6
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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
