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 has issued a second early draft version of the new Schedule 1 for next tax season’s Form 1040 to include a question up top about whether a taxpayer has sold, received, exchanged or acquired cryptocurrencies such as Bitcoin or Ethereum.
October 11
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Section 1031 exchanges involving related parties present some of the most complex problems in tax law.
October 11
Mackay, Caswell & Callahan, P.C. -
The president, under siege from House Democrats weighing impeachment, suffered a stinging blow as a federal appeals court upheld a subpoena ordering his accountants to provide Congress with his financial records.
October 11
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Everybody out of the Pool; dying Embers; the House falls; and other highlights of recent tax cases.
October 10
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News organizations lost a bid to unseal a federal court filing from the company detailing the financial records it holds.
October 10
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For Americans who couldn’t figure out how to pay their taxes in April after Republicans overhauled the tax code, there is a new day of dread for accountants: Oct. 15.
October 10
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The guidance is the first since 2014.
October 10
