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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The Internal Revenue Service's Criminal Investigation unit is working on a new initiative for requesting financial records from banks to track illegal activity such as money laundering.
August 13
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President Trump's signature tax and spending bill is expected by most economists — and the Congressional Budget Office — to worsen U.S. deficits over the coming decade.
August 13
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Sovos announced plans to expand into the Asia-Pacific and Middle East regions, starting with the acquisition of India-based Tax Technology ASP business unit from India-based IRIS Business Services.
August 13
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Forms 2290 are due on the last month of the month a truck or applicable vehicle was put in service, according to the IRS.
August 13
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Ninety percent of tax leaders say they are invited to weigh in on business decisions before they are made, and that their recommendations carry significant weight, according to a BDO survey.
August 12
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States' adoption of OBBBA; replacing cigarette and property taxes; dirty water; and other highlights from our favorite tax bloggers.
August 12
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The Internal Revenue Service has overhauled its technology modernization plans in response to reductions in funding and staffing under the Trump administration.
August 12
