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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For a government that is trillions of dollars in debt, these numbers add up quickly.
April 26
Sumo Logic -
The Internal Revenue Service would be required to hire a chief information officer to overhaul its aging computer systems, under a bill passed last week by the House.
April 26
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The Internal Revenue Service spelled out new information reporting requirements Thursday for some life insurance contracts required under the recently enacted Tax Cuts and Jobs Act.
April 26
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They hope to have it in legislative form by the end of the year. But that doesn’t mean it’s going to pass anytime soon.
April 25
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A group of lawmakers on the House Ways and Means Oversight Subcommittee are asking the Internal Revenue Service’s acting commissioner, David Kautter, to explain why the IRS’s systems crash occurred on Tax Day, April 17.
April 25
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The tax software will work in conjunction with the suite of procurement and supply chain management solutions.
April 25
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A Senate hearing Tuesday indicated the politics of the tax overhaul haven’t changed since it passed in December, with Republicans singing its praises as an economist booster and Democrats torching it as a broken promise that mostly benefits the wealthiest.
April 25
