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 is confronting challenges with administering and ensuring compliance with the business provisions of the Tax Cuts and Jobs Act, although it has made a considerable amount of progress in implementing them, according to a new government report.
February 25
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They come in every year with something on their minds, but this early season’s sampling shows a few definite trends of what tax preparation clients are talking about with their preparers — and the advice preparers give back.
February 25
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The justices let stand an appeals ruling that precluded a tax refund to movie producers, deferring to an IRS regulation that ended the common-law mailbox rule for refund claims, even though Clarence Thomas reversed his position on an earlier case.
February 25
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A congressional explanation unearths an overlooked benefit from tax reform.
February 25
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Democratic presidential candidate Pete Buttigieg took on one of the most fraught tax issues in Democratic politics, proposing that the $10,000 cap on state and local tax deductions be lifted.
February 25
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The Internal Revenue Service has released a set of proposed regulations for businesses to follow when deducting meals and entertainment, in response to the 2017 tax overhaul.
February 24
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European finance chiefs arrived at a meeting of their global peers in Riyadh demanding the urgent creation of a new global tax system for the 21st century that would capture the profits of tech multinationals. U.S. Treasury Secretary Steven Mnuchin responded: it’s not that simple.
February 24
