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 moved to ease the tax burdens of private equity portfolio companies and heavily indebted industries.
July 29
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The service released the final regulations and other guidance on the deduction, which was amended by the CARES Act.
July 28
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Making partners bill; more distribution guidance; NATP winners; and other highlights from our favorite tax bloggers.
July 28
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Democrats in Congress are criticizing how millions of economic impact payments authorized under the CARES Act are being handled.
July 28
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Here are some lessons learned from the 2018 tax year compliance season.
July 28
KPMG LLP -
The GOP legislation includes a second tranche of stimulus payments, structured the same way as the earlier round, in March, along with tax credits for businesses.
July 28
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Senate Republicans presented a series of bills that would trim unemployment benefits, send $1,200 to most Americans, and shield businesses, schools and other organizations from coronavirus lawsuits.
July 27
