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 Senate tax bill that’s due to be released Thursday won’t include an excise tax on certain payments U.S. multinationals make to overseas affiliates, according to a person familiar with the legislation.
November 9
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The UHNW world is jolted by unwanted offshore disclosures and prominent executives are finding themselves in an uncomfortable spotlight.
November 9
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The right-leaning Tax Foundation lowered its estimate for the boost to economic growth that it says would result from the House Republican tax bill.
November 9
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It’s crunch time for Republican tax-writers on Thursday. The House Ways and Means Committee enters its final day of hammering out its tax-cut legislation, while a Senate panel plans to reveal its own version. Here are the latest developments, updated throughout the day:
November 9
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The Internal Revenue Service’s Large Business and International division is launching 11 more compliance campaigns looking at various ways to ensure companies are meeting their tax obligations.
November 8
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Time to exhale, sit back and think ahead to what you want 2018 to look like at your accounting firm.
November 8
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Walker, of Top 100 Firm Cherry Bekaert, was honored with the AICPA's highest accounting recognition in taxation.
November 8
