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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Senate Majority Leader Chuck Schumer is weighing adding a provision to the $1.9 trillion COVID-19 relief plan that would put a penalty tax on big companies that don’t pay workers at least $15 an hour, a Democratic aide said on condition of anonymity.
February 26
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Corporations are starting to buy digital assets like Bitcoin to bolster their treasuries, but the volatility in prices could put a dent in their balance sheet.
February 25
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A ‘wave’ of claims for the Domestic Production Activities Deduction sparks an alert.
February 25
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RAP sheet; shipping out; Pelicon; and other highlights of recent tax cases.
February 25
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To best serve your clients, and your own firm, these are the top items to closely monitor in the year ahead.
February 25
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Maneuvers played out across the country as census tract boundaries were changed to accommodate wealthy investors whose projects fell outside the lines of roughly 8,700 opportunity zones. About 140 tracts grew in size.
February 25
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A host of developments promise to complicate this year's run-up to April 15.
February 25
Wolters Kluwer Tax & Accounting
