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.
-
In today’s COVID-19 world where nothing seems normal, and “new normals” are popping up in every business operation, service businesses are trying to make up for lost income and rising expenses in creative ways that will lessen the financial impact of COVID-19.
August 4
BPM -
Manhattan District Attorney Cyrus Vance Jr. suggested his office may be investigating potential bank and insurance fraud by the Trump Organization, as it seeks access to the president’s tax returns and other financial records.
August 4
-
Several unemployed workers described the difficulties they are facing to senators as congressional leaders continue negotiations.
August 3
-
It’s time to start building the profession’s year around different time scales.
August 3
Accounting Today -
The group wrote to legislators supporting ‘The Taxpayer Protection and Preparer Proficiency Act.’
July 31
-
The Internal Revenue Service released regulations to restrict a valuable tax break that hedge fund managers were able to claim after an error in 2017 Republican tax law.
July 31
-
With Joe Biden leading President Donald Trump in the polls, some investors are concerned the age of corporate tax cuts and deregulation may soon end, replaced by a Democratic administration eager to soak the rich.
July 31
