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.
-
New York Assembly Speaker Carl Heastie added momentum to the idea of taxing non-resident owners of multi-million dollar apartments as a way to help pay for billions of dollars of regional transit improvements.
March 11
-
The Internal Revenue Service is considering issuing rules that could invalidate some of the last remaining strategies in New York and Connecticut to circumvent the state and local tax, or SALT, deduction cap that kicked in for the 2018 tax year.
March 11
-
A pair of House Democrats has introduced a bill to extend the tax-filing deadline until May 20 to give taxpayers more time to file their taxes.
March 8
-
What types of businesses don’t qualify for QOZ investment, and which types of taxpayers are best suited for the program?
March 8
Holthouse Carlin & Van Trigt LLP -
The average tax refund check is nearly identical to last year’s average refund, increasing less than 1 percent to $3,068 in 2019.
March 8
-
Politicians from New York, New Jersey and other high-tax states may be making a lot of noise, but the new $10,000 limit on deductions for state and local taxes, or SALT, isn’t going anywhere any time soon.
March 8
-
The president's former campaign chairman won leniency from a federal judge who sent him to prison for less than four years, but next week he’ll be sentenced in a second case.
March 8
