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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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
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The Internal Revenue Service will have extended weekday and Saturday hours this spring through April 30 despite recent closures of several TACs.
March 6
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Don't rock the boat; go fly a kite; no place like home; and other highlights of recent tax cases.
March 6
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The pilot program for the new Trump accounts will deposit $1,000 into the accounts of children born between 2025 and 2028.
March 6
