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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In a court filing Wednesday, the Treasury Department and the Justice Department said they were still weighing how to respond to a subpoena by House Democrats.
March 4
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Treasury Secretary Janet Yellen added an international tax policy expert to her staff as the U.S. reverses a Trump-era stance over digital taxation of technology companies.
March 3
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Thomas Sandell and Sandell Asset Management are paying $105 million to New York, the biggest fine of its kind in the state.
March 3
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Senator Elizabeth Warren said IRS funding should be bolstered so the richest Americans get audited about once every three years as part of her proposed 2 percent annual tax on wealth in excess of $50 million.
March 3
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A Biden proposal to change the tax deduction for contributions to a tax credit could have serious implications.
March 2
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To delay or not delay; three questions about a digital tax; nonprofits and theft; and other highlights from our favorite tax bloggers.
March 2
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Practitioners face malpractice issues right from the start of filing, and this year may be even worse than usual.
March 2
