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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Ikea is the latest company ensnared in the European Union’s sprawling tax probes as regulators look at whether the retailer’s revenue deals in the Netherlands allowed it to avoid hundreds of millions of euros of taxes.
December 18
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Senator Bob Corker wrote to Senate Finance Committee Chairman Orrin Hatch asking for an “explanation” of how a provision on pass-through businesses that would benefit real estate investors came to be included in the final version of the Republican tax bill.
December 18
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Mortgage lenders are bracing for big delays in the processing of mortgage applications, citing a problem with the income verification system at the Internal Revenue Service.
December 17
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Some taxpayers may be able to claim losses on 2016 returns.
December 16
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The IRS has guidance for taxpayers who suffered under Harvey, Maria and Irma.
December 16
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On Friday, the Republican leadership in Congress released the contents of the tax reform bill they expect to vote on in the week before Christmas.
December 16
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Assuming the GOP bill passes, it will still need to be implemented, and a technical corrections bill issued.
December 16
