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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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
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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
