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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Preparers are offering warnings and education, but few are listening.
August 28
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The Internal Revenue Service is making some adjustments to its Compliance Assurance Process, a program aimed at large corporate taxpayers that involves cooperating with the IRS before any audits.
August 27
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The Internal Revenue Service’s initial guidance on the executive compensation deduction won’t settle all of the lingering questions.
August 27
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Michael Cohen’s guilty plea is opening a door to a long-closed world — the business of Donald Trump.
August 27
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Taxpayers in New York and Connecticut still have a few potential options to avoid the hit from a new cap on state and local tax deductions, while residents of other high-tax jurisdictions may only have creative estate planning as a last resort.
August 27
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The Internal Revenue Service could be pursuing further action to reduce tax refund losses associated with business identity theft, according to a new report.
August 24
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The Internal Revenue Service could do more to strengthen its tax enforcement efforts by further leveraging the Return Review Program to catch fraudulent tax returns, according to a new report.
August 24
