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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Global companies are benefiting from a prolonged decline in tax rates, new data from the OECD shows.
July 29
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Two lawmakers in the House reintroduced bipartisan legislation Wednesday to change a provision in the Tax Cuts and Jobs Act that makes it difficult for performers to deduct business expenses.
July 28
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Together with government and industry representatives, the firm has created a far-reaching blockchain solution to address challenges in the cross-border withholding tax process.
July 28
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New reports indicate 497 high-income taxpayers had over $150 million in their individual retirement accounts, and nearly 25,000 taxpayers had aggregate IRA account balances of $5 million or more.
July 28
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CTC scams already; inequitable ACA; pandemic’s effects on states remain unclear; and other highlights from our favorite tax bloggers.
July 27
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OZ funds can make a good investment better, but they can’t make a bad investment a good one.
July 27
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The service is beefing up the security requirements for tax pros using its system for electronically filing information returns.
July 26
