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.
-
The bill would expand eligibility for the “pass-through” deduction to lawyers, accountants or doctors making above certain income thresholds.
July 20
-
Intuit has decided to leave the Free File Alliance after coming under criticism for making it difficult to access a truly free version of TurboTax.
July 19
-
The Internal Revenue Service has begun offering online Tax Pro Accounts that practitioners can use for submitting an authorization request to an individual client’s own taxes online with the IRS.
July 19
-
The Senate Majority Leader will take a preliminary step Monday that would lead to a first test vote on the infrastructure plan by Wednesday. He set the same day as a deadline for all Senate Democrats to unite behind a budget blueprint.
July 19
-
Rage against the Machine; property casualty; herbal remedy; and other highlights of recent tax cases.
July 16
-
Democrats may include at least a partial expansion of the state and local income tax deduction in the $3.5 trillion budget outline that Senate Democrats agreed upon this week.
July 15
-
The IRS and the Treasury started disbursing advance monthly payments Thursday of the expanded Child Tax Credit in a program that aims to lift millions of families out of poverty.
July 15
