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 doesn’t have a coordinated strategy in place to deal with unregulated tax preparers, according to a government report.
August 6
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Special Counsel Robert Mueller’s prosecutors walked the jury in the trial of Paul Manafort through records to back their claim that the former Trump campaign chairman deceived his own financial advisers to hide his foreign accounts and income from U.S. tax authorities.
August 6
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The American Institute of CPAs said it supports new legislation that would regulate tax return preparers.
August 3
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The Treasury Department and the Internal Revenue Service proposed regulations Friday to increase and expand the first-year depreciation deduction for qualified property from 50 to 100 percent, carrying out a provision of the Tax Cuts and Jobs Act.
August 3
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U.S. prosecutors shifted away from showcasing Paul Manafort’s excesses and toward the core of their fraud accusations against him, offering evidence that he was deeply in debt as he submitted crudely altered financial statements to secure bank loans.
August 3
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Parsing the ramifications of the Supreme Court decision
August 3
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Thousands of victims, millions in refunds; bogus taxpayers in three states; the roof caves in; and other highlights of recent tax cases.
August 2
