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 Massachusetts Democrat submitted a formal request to the IRS commissioner asking for copies of Trump’s returns going back to 2013.
April 3
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House Democrats are looking to find a compromise solution to the Republican tax law’s cap on the amount of state and local levies that can be written off a federal return, a limit they say has caused their constituents to lose out on billions of dollars of deductions.
April 3
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The program offers qualifying taxpayers who have capital gains income a highly flexible way to defer and eliminate a portion of the federal gain and possibly state gain.
April 3
Holthouse Carlin & Van Trigt LLP -
QBI; rental pitfalls; the letdown of the TCJA; and other highlights from our favorite tax bloggers.
April 2
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The IRS is offering extended deadlines and penalty abatement for some taxpayers.
April 2
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The top Democrat on the Senate Finance Committee, Ron Wyden, is reviving a plan that would tax wealthy individuals annually on their investments, instead of when those assets are sold.
April 2
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Better client management processes will lead to a happier tax season.
April 2
