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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AI has emerged as a potential force multiplier, but can it augment capacity in a way that is sustainable and responsibly governed?
March 10
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Businesses buying ads on Meta's platforms will be charged an extra amount, corresponding to the digital tax rate in the country where they are showing the ad.
March 10
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The Internal Revenue Service has released its annual list of the 12 most dangerous tax scams, including a new long-term capital gains credit scam, bad advice on social media, and more.
March 10
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What are taxpayers currently asking their preparers?
March 10
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The American Institute of CPAs recommends the First Time Abatement program be expanded to cover additional types of tax and information return penalties.
March 9
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The IRS is proposing to remove regulations that tried to crack down on the abusive use of basis-shifting transactions by partnerships as a way of minimizing taxes.
March 9
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The members of the "Patriotic Millionaires," who include a Disney heiress, argue that rich residents can afford paying more into city coffers.
March 6
