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 e-commerce giant does not plan to pay the IRS anything this tax season. Yet that’s not largely because of President Donald Trump’s tax overhaul.
February 25
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New York Governor Andrew Cuomo is rallying a team of governors from fellow high-tax states to push Congress to repeal the cap on deductions for state and local taxes — an effort that looks doomed to fail.
February 25
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Average tax refunds are down so far in the first filing season under President Trump’s tax overhaul, prompting the Treasury Department to caution that the data contain aberrations and could be misleading.
February 25
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The IRS's latest data shows filings are off to a slightly slower start than last year -- but not much slower.
February 25
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PricewaterhouseCoopers is supporting calls from the Institute and lawmakers who are asking to lower the penalty threshold for taxpayers.
February 22
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Consumers are confused this year about how the Tax Cuts and Jobs Act will affect them and are asking tax professionals for assistance with their taxes, according to a new survey.
February 22
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$3 million in phony refunds; caretaker cares for own coffers; ‘serial fraud;’ and other highlights of recent tax cases.
February 21
