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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IRS Commissioner Chuck Rettig expressed his appreciation to tax professionals Tuesday for their cooperation during the extended tax season that was prolonged by the novel coronavirus pandemic and pledged to deliver any future stimulus payments approved by Congress.
July 21
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The final IRS and Treasury rules let taxpayers exclude certain income from their GILTI computation.
July 21
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The coronavirus pandemic has only highlighted the enduring value of land as an investment.
July 21
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Joe Biden on Tuesday unveiled a plan to bolster childcare and care for the elderly that would be financed by taxes on real-estate investors, as well as increased tax compliance by high-income earners.
July 21
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Senate and House Republicans introduced legislation that would give businesses refundable tax credits against payroll taxes to meet some of the expenses associated with reopening during the novel coronavirus pandemic.
July 20
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The American Institute of CPAs offered six policy suggestions for the next phase of federal COVID-19 relief legislation under consideration in Congress.
July 20
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Democrats in New York, the world’s financial capital, may finally have the right moment to resurrect the state tax on stock trades.
July 20
