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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While the IRS audit rate is decreasing, it’s still important to educate your clients on the things that commonly trigger an audit.
May 10
Canopy -
Criminals who pretend to be working for the IRS are asking for bank information from international taxpayers and non-resident aliens.
May 10
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A House bill to repeal the four-month-old U.S. college endowment tax has gained sponsors on both sides of the political aisle.
May 10
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The American Institute of CPAs suggested more than 30 changes to the Internal Revenue Service for the Form 990, Return of Organization Exempt from Income Tax, and its instructions, some of them marked as urgent.
May 9
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The 20 percent pass-through deduction could provide a major benefit for gig economy workers and the self-employed, but there are also some important caveats.
May 8
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Get off the hamster wheel and into the Learning Zone.
May 8
L&H CPAs and Advisors -
Corporate America is stepping up its investment plans this year, but the main reason may come as a surprise. An improved business outlook — rather than the Trump administration’s tax cuts — is driving companies’ decisions.
May 8
