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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Senate Republican leaders and President Donald Trump appear determined to begin a floor debate Tuesday on repealing Obamacare in a highly unorthodox way—without lawmakers knowing what they’ll be voting on or where it might end up.
July 25
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More than 24,000 fraudulent tax returns were filed in 2015 using a prisoner’s Social Security Number, claiming refunds totaling over $1.3 billion, according to a new report.
July 24
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The Tax Court has denied a claimed charitable deduction of $33,019,000 by RERI Holdings, whose principal investor is Miami Dolphins owner Stephen Ross.
July 24
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The Internal Revenue Service’s Office of Appeals plans to test a web-based videoconferencing option for taxpayers and their representatives to hold virtual face-to-meetings with IRS appeals officers without going to the IRS’s offices.
July 24
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The Internal Revenue Service has introduced an email feature that enables taxpayers to get notifications in their personal email accounts about their payments using IRS Direct Pay or the Electronic Federal Tax Payment System.
July 21
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A retail trade group almost tripled its federal lobbying spending during the second quarter of 2017 as it tried to kill a centerpiece of House Speaker Paul Ryan’s tax plan—the border-adjusted levy on imports.
July 21
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The party has lurched in recent days between giving up on repealing Obamacare and restarting talks over a new Trump administration proposal.
July 21
