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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What does it take to get into the 1 percent? The price of admission is an adjusted gross income—basically, what you make before deductions—of $480,930.
February 22
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The Internal Revenue Service is prepared to handle three popular provisions that had expired for 2017 but were recently given new life by Congress.
February 22
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Consumers say they would give up the internet and social media if they could avoid Uncle Sam.
February 22
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The American Institute of CPAs sent the leaders of Congress’s tax committees a set of fixes to the TCJA.
February 22
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Changes to the tax code may restrict growth in philanthropy to U.S. higher education to less than 6 percent this year, according to a report this week from Moody’s Investors Service.
February 22
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Democrats counting on an angry, anti-Trump vibe to propel them to victory in November’s congressional elections may be in for a surprise as voters begin to see the effects of last year’s tax overhaul in their paychecks.
February 22
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The Internal Revenue Service is getting blitzed with phone calls from taxpayers to the help desk it has set up for tax professionals, and it’s asking tax pros to stop referring their clients there.
February 21
