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 has been conducting "sweeps" in recent years to uncover cases where high-income people have not been filing taxes.
May 6
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A pair of bills would coordinate Pell Grants with the AOTC, and provide a tax deduction for overtime pay.
May 6
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More than 3,600 revenue agents — responsible for collecting tax payments — have left the IRS.
May 6
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A relatively smooth filing season offered a lot to learn about the future of the IRS, the importance of tax planning, changes in liability patterns, and more.
May 6
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A Swiss bank that UBS bought helped rich Americans evade taxes even after pledging to stop the practice.
May 6
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More than 11,400 IRS employees have either received termination notices as probationary employees or voluntarily resigned, according to a new report.
May 5
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The IRS continued layoffs, changed its acting commissioner, and ended its Direct File program as Tax Day arrived.
May 5
