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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Procrastinating clients may have money waiting: Some $1.1 billion in unclaimed federal income tax refunds await an estimated 1.4 million taxpayers who didn’t file a 2014 federal income tax return.
March 9
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The Speaker of the House visited Atlanta to tout the economic benefits of the new tax law, but the president had other ideas.
March 9
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Bogus W-2s; dependents, complete with numbers; underreporting supplemental money; and other highlights of recent tax cases.
March 9
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The National Society of Accountants wants the Internal Revenue Service to provide a six-month extension for businesses to opt to be treated as S corporations for this year, arguing the current deadline of March 15 is too soon to make a decision given the uncertainty surrounding the new tax law.
March 8
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When 2018 taxes are due in April 2019, millions of Americans could find themselves owing the government far more than was withheld. Millions of others could find they paid too much in 2018, resulting in unusually large refunds.
March 8
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Napier Financial -
Accountants may face their own Section 199A issues
March 8
