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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Your clients may have heard conflicting advice — they must change their IRA beneficiaries, spend down their IRA as soon as possible, dismantle their trust, or immediately convert their traditional IRA to a Roth IRA, Sophia Duffy writes.
February 8
American College of Financial Services -
The Internal Revenue Service issued guidance on how educators can deduct out-of-pocket expenses for personal protective equipment to safeguard teachers in the classroom during the pandemic.
February 5
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Knowing what is required and completing documentation in a timely fashion maximize the company’s opportunity to receive its incentive reward.
February 5
McGuire Sponsel -
The Senate voted 51-50, after Vice President Kamala Harris broke her first tie, to adopt a budget blueprint for President Joe Biden’s $1.9 trillion virus relief package — following nearly 15 hours of wading through amendments from both parties.
February 5
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Cloud tax tech is imperative this year, with many preparers continuing to work in a remote setting due to the ongoing coronavirus pandemic.
February 5
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Practitioners share how they're changing the ways they reach out to clients and prospects.
February 5
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You do the meth; what’s in a name?; snow job; and other highlights of recent tax cases.
February 4
