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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Practitioners have plenty of time to advise clients on multiple savings opportunities.
June 28
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Trump’s family real-estate company expects to be accused of tax crimes relating to its payment of perks and benefits to favored employees.
June 28
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Top aides to the president are reaching out to senators to convey his enthusiasm for the agreement, a White House official said.
June 28
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The Supreme Court rejected a New Hampshire challenge to Massachusetts’ practice of taxing people who started telecommuting from elsewhere during the pandemic.
June 28
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A bipartisan group of lawmakers is proposing to boost affordable housing by 2 million units over the next decade by expanding a key tax credit.
June 28
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The Internal Revenue Service is focusing on cryptocurrency tax evasion with virtual currencies like Bitcoin and nonfungible tokens, employing data analytics to uncover transactions that crypto users assumed were hidden.
June 25
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Congress reintroduced legislation to prevent abuses of a tax break that’s supposed to protect public lands, but is often used as a tax shelter.
June 25
