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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Higher education; tough stains; don’t Betta on it; and other highlights of recent tax cases.
April 11
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Sen. Ron Wyden, D-Ore., and Ben Cardin, D-Md., introduced legislation Thursday to require minimum standards for paid tax preparers and rescind Preparer Tax Identification Numbers of incompetent and fraudulent practitioners.
April 11
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Celebrity lawyer Michael Avenatti, who made his name as a fierce critic of President Donald Trump, was indicted by a federal grand jury in California on three dozen charges, including a new claim that he stole millions of dollars from a paraplegic client’s settlement.
April 11
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Revenue officers visited nearly 100 businesses suspected of having serious issues with employment tax compliance.
April 11
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The National Treasury Employees Union is worried about the impact of proposed budget cuts on the agency’s ability to deal with taxpayers.
April 11
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Hedge fund giant Renaissance Technologies is in talks to resolve a dispute with the Internal Revenue Service over a tax maneuver that saved its owners billions of dollars.
April 11
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The Democratic presidential candidate rolled out a proposal to levy a 7 percent tax to raise an estimated $1 trillion from the wealthiest businesses.
April 11
