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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Republican senators say they’re encouraged about the prospects for a deal with President Biden on his $2.25 trillion infrastructure proposal after an Oval Office meeting but want to exclude any move to roll back the 2017 tax cuts to help pay for the package.
May 14
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Royal pain; collect yourself; hard Impact; and other highlights of recent tax cases.
May 13
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The EITC, the ACTC and the ACTC continue to be abused, even as they become more generous.
May 13
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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
