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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Most at risk are taxpayers whose earnings aren’t reported to the IRS by an outside source like an employer or brokerage firm.
May 13
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The president and Republican congressional leaders see a narrow opening for compromise on infrastructure spending yet significant obstacles remain, particularly on tax increases.
May 13
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The Internal Revenue Service has picked TaxBit, a Salt Lake City-based company, as a subcontractor to help it do data analysis and tax calculations for audits of taxpayers with cryptocurrency.
May 12
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Three Democratic senators introduced legislation that would stop the tax breaks used by private equity money managers and others.
May 12
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Ohio and Missouri judges deny injunctions because those states haven’t yet suffered any harm.
May 12
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In the world of accounting, economic credits and incentives have been shrouded in mystery for some time.
May 12
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Lawmakers are considering giving the IRS additional funding and authority to expand its tax enforcement operation.
May 12
