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 service intends to take steps to automatically refund money starting in May and continuing through the summer.
March 31
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The service released a FAQ to explain how students and universities should report emergency financial aid grants related to the pandemic.
March 31
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The infrastructure plan sets the stage for a drawn-out battle over his second big economic program.
March 31
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As companies prepare to file for the upcoming tax season, businesses face uncertainty emerging from an enduring pandemic. Further, dealing with multiple jurisdictions’ changing laws, deadlines and requirements can often require a small army of specialists.
March 31
Global Upside -
President Joe Biden is calling for sweeping investment in electric vehicles, renewable power and the electric grid as part of a broad blueprint to bolster the U.S. economy while combating climate change.
March 31
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Estimates suggest that the total of the net operating loss refunds may eventually top $25 billion.
March 31
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The Internal Revenue Service responded Tuesday to calls for extending more tax deadlines by giving taxpayers until May 17 to make IRA and HSA contributions and file some refund claims.
March 30
