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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Congress estimates that the rule currently costs the government about $43 billion a year.
May 4
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After a pause during COVID, experts predict an increase in tax controversies.
May 4
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CliftonLarsonAllen LLP has managed to secure $11 million in opportunity zone funding for a client building a multifamily development in South St. Paul, Minnesota.
May 3
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The Biden administration has proposed that the U.S. apply a 21 percent global minimum rate.
May 3
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The president's promise to start narrowing income and wealth gaps underpins every part of his economic program.
May 3
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The Small Business Administration plans to begin accepting applications Monday for a new program to help hard-hit restaurants reopen during the pandemic, and some firms are preparing clients to apply.
April 30
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The updated early draft versions will be used by pass-through businesses to report foreign tax information.
April 30
