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 deal to steer some ofthe territory's future sales taxes to a key group of bondholders puts a U.S. oversight board in charge.
June 11 -
Private universities won’t be taxed on unrealized income from their billions of dollars in assets before the levy was approved.
June 11 -
Affected taxpayers can get deadline extensions and penalty abatements.
June 8 -
The Internal Revenue Service said Friday it plans to issue regulations may limit the impact of a new excise tax on the endowments of private colleges and universities under the new tax law.
June 8 -
Cost segregation treatment has been around for a long time, so why is it more relevant now than ever? The answer: bonus depreciation.
June 8
McGuire Sponsel -
Private debt collection agencies that are collecting tax debts on behalf of the Internal Revenue Service have been forcing many taxpayers into payment plans they can’t afford.
June 8 -
The state recently released its most recent list of those who owe it the most.
June 8





