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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Audit myths; credits and whistleblowers; details of reform; and other highlights from our favorite tax bloggers.
June 6
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The Internal Revenue Service has updated its online registration system for the Foreign Account Tax Compliance Act to allow foreign financial institutions to renew their agreement with the IRS.
June 6
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Early timelines were ‘overly optimistic,’ but there’s still a strong possibility of change, experts say.
June 6
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Tax pros have mixed feelings on the tax-related provisions of the House appropriations bill .
June 6
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A federal district court has ruled in favor of tax preparers who filed a class-action lawsuit against the Internal Revenue Service over its right to charge fees for Preparer Tax Identification Numbers, and the IRS may need to refund hundreds of millions of dollars in fees collected each year.
June 5
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House Republicans are growing frustrated with the lack of any details about the Trump administration’s tax plan, as the slow pace leaves lawmakers in limbo in their negotiations over how to deliver on long promised tax cuts.
June 5
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Congressional Democrats might abandon their calls for raising the nation’s debt limit without any conditions, with House and Senate party leaders now discussing whether to use their leverage to try to prevent Republicans from enacting tax cuts for wealthy Americans.
June 5
