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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Rep. Lloyd Doggett, D-Texas, along with 30 other members of Congress, has introduced a bill to provide tax relief to victims of Hurricanes Harvey and Irma, in addition to the relief granted in recent weeks by the Internal Revenue Service.
September 15
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White House legislative director Marc Short said Friday that the administration is determined to release the outlines of tax plan negotiated with GOP leaders by the end of the month, even as the Senate’s chief tax writer signaled that the document might not carry that much weight.
September 15
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The House Ways and Means Oversight Subcommittee held a hearing this week to look at reforming the way the Internal Revenue Service resolves taxpayer disputes and appeals.
September 15
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It took two days after Hurricane Irma ripped through the British Virgin Islands, damaging or destroying an estimated 70 percent of the territory’s buildings, for the Caribbean tax haven to start piecing back together its lucrative corporate-registry business.
September 15
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Theft from prep help; neither snow nor rain nor the law; and other highlights of recent tax cases.
September 15
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Tax reform notwithstanding, the tax research providers Bloomberg BNA and Thomson Reuters both released their predictions Thursday for the annual inflation-adjusted tax rates that the Internal Revenue Service is likely to announce in the coming weeks.
September 14
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The Internal Revenue Service is giving tax-exempt organizations in the parts of Texas, Florida, Puerto Rico and the U.S. Virgin Islands affected by Hurricanes Harvey and Irma more time to file their returns.
September 14
