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 and the Treasury Department released a draft version of a proposed tax form to collect information about qualified opportunity zones.
October 31
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A new IRS revenue procedure offers guidance in a complicated area.
October 31
Wolters Kluwer Tax & Accounting -
The ranking Democrat on the Senate Finance Committee wants to create two new tax incentives to help small businesses owned by women to hire and grow and get access to capital.
October 30
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Treasury Secretary Steven Mnuchin said he had no knowledge that his long-time friend and billionaire Michael Milken would benefit from a tax break his agency approved last year for a property in Nevada.
October 30
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Big-time college athletes could find themselves with a tax bill after a rule change that will allow student players to accept endorsement deals, according to Republican Senator Richard Burr.
October 30
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Not as many companies are planning to increase employee wages as a result, according to a new survey by BDO USA. Instead more companies are planning to do stock buybacks, increase corporate dividends and pursue mergers and acquisitions.
October 29
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Limits on collection; states’ tax friendliness; write your Chief Counsel; and other highlights from our favorite tax bloggers.
October 29
