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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Senator Mitt Romney is offering a child tax credit expansion plan similar to a proposal President Joe Biden is pushing to include in the next stimulus bill, offering a glimpse of areas on which Republicans and Democrats could find compromise in a bipartisan package.
February 4
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Democrats’ go-it-alone stimulus plan faces night of GOP sniping
February 4
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Five international tax enforcement heads, including from the Internal Revenue Service’s Criminal Investigation unit, have been meeting this week to discuss their joint initiatives for combating tax evasion.
February 4
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The Treasury Department says it needs more time to decide whether to fight House Democrats in their effort to get former President Donald Trump’s personal and business tax returns.
February 4
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Tax professionals rate which of the president’s proposals they expect to see him pursue.
February 4
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U.S. prosecutors and Internal Revenue Service agents spent four years piercing the veil of secrecy that billionaire money manager Robert F. Smith wove to hide more than $200 million in income.
February 3
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Senator Elizabeth Warren will join the Finance Committee, an A-list Senate panel that oversees tax, trade and health care legislation, according to a person familiar with the assignment.
February 3
