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 Treasury Department and the Internal Revenue Service have released a new notice giving multinational companies some extra guidance to help them calculate the “transition tax” on untaxed foreign earnings of foreign subsidiaries of U.S. companies under the Tax Cuts and Jobs Act.
January 19
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The Treasury Department updated its strategy for the Internal Revenue Service in advance of the failure of negotiations to keep the government open.
January 19
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The Internal Revenue Service has revised the streamlined application form for groups that are applying for tax-exempt status.
January 19
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The Tax Cuts and Jobs Act has been marketed as a much-needed simplification for American taxes, and American expatriates comprise a tax-paying demographic most in need of simplification of the tax requirements.
January 19
Greenback Expat Tax Services -
New York Governor Andrew Cuomo announced plans Thursday to target a tax break for investment fund managers in his state.
January 18
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The Financial Accounting Standards Board released a proposed accounting standards update Thursday to help organizations reclassify some of the stranded income tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act that President Trump signed into law last month.
January 18
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European Union regulators reacted coolly to Apple Inc.’s move to repatriate hundreds of billions of overseas dollars to the U.S., saying “nothing has changed” in its order for the iPhone maker to pay back taxes to Ireland.
January 18
