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.
-
Missed IRA RMDs can cost clients thousands, Vanguard research shows. But financial advisors can help erase tax penalties and avoid future ones with a few key strategies.
January 27
-
The announcement adds a prominent voice to a debate that has divided top Democrats and rattled Silicon Valley's elite.
January 27
-
The IRS issued a notice extending the deadline for making certain amendments to IRAs, SEP arrangements and SIMPLE IRA plans until Dec. 31, 2027.
January 26
-
The IRS offered relief from failure-to-pay penalties to nearly 5 million taxpayers during the pandemic, but 3.6 million have since taken steps to pay tax debts.
January 26
-
The Treasury Department canceled $21 million in contracts, alleging the consulting firm failed to protect taxpayer data, including President Trump's tax returns.
January 26
-
The Internal Revenue Service officially opened tax-filing season amid changes from the One Big Beautiful Bill Act and the threat of another government shutdown.
January 26
-
States generally assert taxing authority over income based on two core principles: residency and source.
January 26
Carlos Contábil
