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 $579 billion infrastructure deal is a win, yet the bipartisan plan faces hurdles in Congress that reflect challenges to the president's broader economic agenda.
June 25
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The service released a Data Book Thursday highlighting its work this past fiscal year, particularly in response to the pandemic.
June 24
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Faster than a speeding fraud; significant adjustments; register schmegister; smoked out; and other highlights of recent tax cases.
June 24
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The cost of the expenditures would be offset by a variety of revenue-raising provisions, including stronger enforcement of tax collections from the wealthy.
June 24 -
Late M&A banker Jean-Marc Forneri’s Swiss lawyer and wealth manager were found guilty of helping him conceal assets and dodge taxes in a French crackdown on those who facilitate financial crime.
June 24
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The IRS, tax preparers and taxpayers all scrambled to keep up with a rapidly changing situation this year.
June 24
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The advisory committee’s annual report to Congress highlights the dangers of cutting the service’s budget.
June 24
