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 Internal Revenue Service and the Treasury Department intend to issue proposed regulations providing that the market discount on a bond isn’t includible in income, according to a section of the new tax law.
September 28
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Services, stock, shenanigans; fuel for fraud; Mo’ plea; and other highlights of recent tax cases.
September 27
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Legislation relating to family savings and startup expensing passed in one chamber of Congress, but is not likely to go through in the Senate before the end of the year.
September 27
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The Internal Revenue Service’s Bank Secrecy Act program, in which it is supposed to safeguard against money laundering, is having only a minimal impact on tax compliance, according to a new report.
September 27
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The new tax law is leading to missed deadlines and a shortened cycle for the IRS.
September 27
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A Republican effort to make last year’s individual tax changes permanent is expected to be approved by the House on Friday, before the initiative likely gets shelved because the Senate won’t act on it.
September 27
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Corporate America isn’t using the Trump tax cuts to gorge shareholders with stock buybacks and dividends — despite the prevailing narrative.
September 27
