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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Democrats will likely turn to the courts, embarking on a lengthy battle that could help define Congress’ powers to oversee the executive branch.
May 17
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Steven Mnuchin may face a deadline of 5 p.m. Friday to comply with a subpoena to hand over President Donald Trump’s tax returns, but the pressure is really on a top House Democrat who has to decide how ferociously to respond to the Treasury secretary’s all-but-certain refusal.
May 17
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A CPA from New York has been sentenced to 14 months in prison for filing a tax return in his own name that contained materially false information.
May 17
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Hidden fees; Maxed out; inhuman services; and other highlights of recent tax cases.
May 16
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The Schedule D instructions had the older, higher tax rates for investors that were changed by the 2017 tax law.
May 16
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Republicans and Democrats will be working on the perennial problem of what to do about the temporary tax breaks that need to be renewed every few years.
May 16
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The Republican senator is on a crusade to compel corporations to prioritize long-term growth over quarterly profits.
May 16
