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.
-
The National Association of Enrolled Agents has written a letter to the Internal Revenue Service strongly criticizing the draft version of the new Form W-4, the Employee’s Withholding Allowance Certificate, saying it raises privacy concerns and creates a “substantial risk of underwithholding.”
July 11
-
It was supposed to be the best of times for the biggest U.S. banks: Rising interest rates and corporate tax cuts would boost profitability and spur lending, while deregulation lowered costs.
July 11
-
An obscure tax provision from the 1960s that was left untouched by President Donald Trump’s overhaul could let wealthy individual investors seize for themselves the largest corporate tax cut in U.S. history.
July 11
-
Return of postcard glory; no sunset for reform measures; behavioral science; and other highlights from our favorite tax bloggers.
July 11
-
In many cases, the profitable sale of a second home will result in a tax-favored capital gain.
July 10
Thomson Reuters Checkpoint -
The site includes special reports, insights and a client letter related to the Supreme Court’s landmark ruling.
July 10
-
The Internal Revenue Service is encouraging practitioners to secure their client data.
July 10
