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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Moving through tax season affords accounting professionals an excellent platform to educate your clients about how best to approach their long game.
June 28
Supporting Strategies -
Leaders of tax enforcement authorities from the five countries have allied to create the Joint Chiefs of Global Tax Enforcement (or J5), to collaborate in fighting international and transnational tax crimes and money laundering.
June 28
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Charles Rettig, a tax lawyer who is Donald Trump’s pick to lead the IRS, told lawmakers Thursday he’d never represented a client who has been under a continuous agency audit for a decade, as is the case with the president, and that he doesn’t know any details of the review.
June 28
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The service has set a five-year strategic plan and goals
June 28
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The House Ways and Means chairman hopes to begin circulating draft legislation this summer, but only among his Republican colleagues. He envisions tax reform 2.0 as a package of three or four bills, instead of a single piece of legislation like the Tax Cuts and Jobs Act that Congress passed last December.
June 27
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The Internal Revenue Service has been leading the charge on investigations of Bitcoin users, with more on the way now that it has access to information from at least 14,000 customers of Coinbase.
June 27
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The IRS’s new 1040 tax form doesn’t exactly fit on a standard postcard as Republicans promised, but it’s smaller and simpler than before — and it may push more filers to use software rather than in-person tax preparers.
June 27
