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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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
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The problem with some tax credits; a PPP forgiveness portal; crypto replies; and other highlights from our favorite tax bloggers.
August 3
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Changes to the Child Tax Credit may require a second look as the system gets simultaneously simpler and more complex.
August 3
Wolters Kluwer Tax & Accounting -
NCCPAP’s Stephen Mankowski offers news about the IRS Office of Promoter investigations, Forms 940X and 941, and more.
August 3
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While tax residency rules vary from state to state, changing residency generally requires a concurrent determination of domicile.
August 3
Mazars USA
