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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U.S. taxpayers face the risk of delayed tax refunds as the agency struggles to work down a backlog of returns from last year, according to a watchdog report.
March 25
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Practitioners share which parts of their jobs they’d ditch and which they’d keep.
March 25
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Many of the temporary tax provisions are expected to be included in President Biden’s next piece of tax legislation later in 2021.
March 25
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The Internal Revenue Service has changed the calculation for determining the $10,200 exclusion on unemployment benefits in the new pandemic relief package, allowing more taxpayers to qualify, but forcing tax software developers to update their programs.
March 24
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If you got rich buying Bitcoin a year ago, Elon Musk is inviting you to purchase one of his cars with some of the proceeds. The taxman will be watching if you do.
March 24
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The Sunshine State seems to be on the verge of requiring more online merchants to collect sales and use taxes from customers.
March 24
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The Treasury Secretary said the limitation on state and local tax write-offs causes 'disparate treatment' across taxpayers.
March 24
