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 president is poised to unveil a plan that would raise taxes on the income, investments and estates of the wealthiest Americans to levels not seen in more than four decades.
April 26
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The Internal Revenue Service is holding up millions of tax refunds for manual processing and its systems were unable to process many of the quarterly payments that needed to be sent by April 15.
April 23
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The PPP gets most of the headlines, but the ERC helps businesses garner substantial tax savings. Can employers qualify for both programs?
April 23
Tri-Merit Specialty Tax Professionals -
Biden's infrastructure plan calls for an expansion of tax credits for low-income housing, energy-efficient buildings and renewable energy, and that could boost the finance industry's options.
April 23
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The White House plans to propose almost doubling the capital gains tax rate for those earning $1 million or more, to 39.6 percent.
April 23
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His plan includes a proposal to almost double the capital gains tax rate for wealthy individuals to help pay for a raft of social spending, according to people familiar with it.
April 22
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Pacific time; the foreign country of Texas; COVID fine; and other highlights of recent tax cases.
April 22
