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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U.S. corporations are contributing the smallest share of federal tax revenue in a generation.
May 21
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A recent court decision on FBAR penalties could impact the tax reporting of the newest member of the British royal family.
May 21
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Some IRS systems will be unavailable from midnight on May 24 through 7 a.m. on May 28.
May 21
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A new use of data analytics aims to improve how the service identifies large companies, and risky returns.
May 21
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The chances of an IRS audit for people making at least $10 million a year plunged during the government’s last fiscal year, according to data released on Monday.
May 20
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The more of what you do that seems like drudgery, the less fun you will have.
May 20
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The Internal Revenue Service’s audit rate went down again in 2018, according to data released Monday by the IRS.
May 20
