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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A growing proportion of U.S.-born expatriates do not feel they should be required to file taxes while they live abroad and about one-fifth of them are considering renouncing their U.S. citizenship, according to a new survey.
June 5
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The Tax Cuts and Jobs Act has companies facing the unusual problem of what to do with their extra money.
June 5
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Republicans are considering a fix to a provision in their new tax law that they acknowledge could inadvertently penalize victims.
June 5
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The agency is waiving some of the late-payment penalties pertaining to the section 965 transition tax on foreign earnings in the new tax law.
June 4
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The Internal Revenue Service plans to spend close to $300 million to implement the new tax law.
June 4
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Florida’s long-running effort to lure Wall Street hotshots is gaining traction thanks to a provision in the federal tax law that hits residents of high-tax states.
June 4
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The Tax Cuts and Jobs Act made far-reaching changes to the tax code and resulted in significant tax accounting modifications.
June 1
Thomson Reuters Tax & Accounting Business
