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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GILTI and FDII may be encouraging companies to invest more abroad, rather than repatriating their income.
July 24
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The Internal Revenue Service issued a ruling allowing a taxpayer to use a tax-advantaged flexible spending account to pay for the medical portion of an ancestry test.
July 24
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Ride-hailing customers may be forced to pay a new tax in the city where the disruptive industry got its start.
July 24
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U.S. corporations brought back offshore profits in record numbers last year with nearly half of the repatriated funds coming from low-or-no-tax countries where companies had stashed cash prior to the 2017 tax law.
July 24
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Scholarships and taxes; delay in ASU 842; landmark documentaries; and other highlights from our favorite tax bloggers.
July 23
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The president sued to block the Democrat-led U.S. House Ways and Means Committee from obtaining his tax records from New York state.
July 23
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These days, not even the 7-foot, 6-inch Yao Ming can fight his way through the U.S.-China trade war.
July 23
