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 Internal Revenue Service is suspending a requirement for taxpayers who received too much on their advance payments for the Premium Tax Credit last year to repay the excess amount.
April 16
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Dixon Hughes Goodman wants the IRS to provide relief for businesses that are eligible for the 2020 ERC when the tax refunds haven’t yet been received.
April 16
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Democratic and Republican House members are forming a bipartisan group to push for a repeal of the $10,000 cap on state and local tax deductions, demonstrating a broadening campaign to restore a valuable tax break.
April 15
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Republicans are working on developing a far smaller infrastructure package than the Biden administration’s American Jobs Plan, relying on user fees such as tolls instead of corporate tax increases.
April 15
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The Internal Revenue Service is providing penalty relief for an employer’s failure to deposit employment taxes with the IRS on a timely basis.
April 15
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Founded on fraud; what’s in a name?; taken for granted; and other highlights of recent tax cases.
April 15
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Don’t just tell clients their returns have been submitted. Take them on a tour of the highlights.
April 15
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