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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Donald Trump scored a tactical victory from the Supreme Court that will likely keep his personal financial records out of public view through the November election, but he framed Thursday’s two rulings as a loss imposed by his enemies.
July 9
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Sentence stayed; stealing on multiple levels; the loot you took; and other highlights of recent tax cases.
July 9
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The Internal Revenue Service has released final regulations on deductions for two of the international tax regimes introduced under the Tax Cuts and Jobs Act of 2017: foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI) for U.S.-based multinational corporations.
July 9
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Manhattan District Attorney Cyrus Vance could soon get his hands on President Donald Trump’s tax returns, but that doesn’t mean the public will see them.
July 9
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By incentivizing businesses to rehire employees laid off or furloughed due to COVID-19, states will generate a faster economic recovery and provide valuable assistance for companies to get back on their feet.
July 9
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The Internal Revenue Service and the Treasury Department provided guidance to employers requiring them to report the amount of qualified sick and family leave wages they have paid to their employees under the Families First Coronavirus Response Act on Form W-2.
July 9
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The U.S. Supreme Court cleared a New York grand jury to get President Donald Trump’s financial records while blocking for now House subpoenas that might have led to their public release before the election.
July 9
