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 IRS is getting hit with an overwhelming number of public comments on proposed tax regs, often generated by artificial intelligence.
July 21
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The traditional tax department model, flawed to begin with, no longer fits how businesses operate and is insufficient to meet today's regulatory requirements.
July 21
Vertex Inc. -
A dispute the singer sought to turn into a public indictment of inspectors' practices is set to be thrust back into the limelight.
July 20
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A windfall in corporate profits for the largest banks has led to billions in extra tax revenue for New York City, shrinking the city's budget shortfalls.
July 17
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Shakira's fight with Spain's tax agency is set to head to the country's highest court after authorities challenged an earlier ruling in the singer's case.
July 17
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The former IRS contractor pleaded guilty to stealing Trump's tax data and leaking it to the New York Times before the 2020 election.
July 17
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Clients with concentrated stock holdings might be better off turning their portfolios into ETFs in a tax deferral transaction called a Section 351 conversion.
July 17
