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 Internal Revenue Service opened a portal to enable families to monitor and manage their monthly advance payments of the expanded Child Tax Credit.
June 22
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Taxing jurisdictions are less anxious about revenue — but they’ll be more focused on sales tax than before.
June 22
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A combination of high valuations on companies and potentially higher taxes in the future is proving to be a potent motivator for selling private companies.
June 22
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Tax experts dissent the Biden budget proposal in search of planning opportunities.
June 22
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The service has posted new procedures to explain how a change in tax law last year potentially affects the depreciation of residential rental property.
June 21
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Clients could end up having to pay back the money next filing season.
June 21
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The president’s plan for trillions in proposed spending and tax increases is likely to take at least until September to clear.
June 21
