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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The Internal Revenue Service’s efforts last year to safeguard against identity theft by asking employers to file W-2 forms earlier and holding tax refunds longer if taxpayers claimed the Earned Income Tax Credit or the Additional Child Tax Credit did not always work, according to a new report.
February 1
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President Donald Trump will promote the economic benefits of Republican tax cuts and ask the Senate to pass his proposed immigration overhaul at the congressional GOP retreat Thursday, amplifying themes from his State of the Union address.
February 1
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Hostess Brands Inc., feeling flush after last month’s tax overhaul, will offer bonuses to workers—including free snacks.
February 1
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Every company seeks effective ways to reduce their overall tax liabilities.
January 31
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The widow of a country music producer who continued to operate, at a loss, an establishment to encourage songwriters was not able to deduct her losses in excess of her income from the activity.
January 31
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President Trump touted the benefits of the new tax cut law in his State of the Union address, although experts questioned some of his claims.
January 31
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Donald Trump sought to connect his presidency to the nation’s prosperity in his first State of the Union address, arguing that the U.S. has arrived at a “new American moment” of wealth and opportunity.
January 30
