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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Rev. Proc. 2019-46 reflects changes from the Tax Cuts and Jobs Act.
November 18
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Accounting firm owners and partners who did not get their own tax returns in on time face losing their licenses, being expelled from their professional societies, losing their livelihoods and possibly being imprisoned.
November 18
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The president urged the court for the second time in as many days to insulate him from an investigation.
November 18
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The Internal Revenue Service is expanding its efforts to ensure businesses and individuals are paying their taxes, particularly payroll taxes, with in-person visits planned by revenue officers to more parts of the country, starting recently in Wisconsin and later this month Texas and Arkansas.
November 15 -
Democratic representatives are working on legislation that would nearly double the top individual U.S. tax rate on the highest incomes.
November 15
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The president's attorneys filed a high-stakes appeal that aims to give the president broad immunity from criminal investigations while in office.
November 15
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Losing bets; out on a limb; Perfect no more; and other highlights of recent tax cases.
November 14
