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 issued a notice explaining how small businesses can take advantage of a new option allowing them to apply a portion or all of their research credit against their payroll tax liability, instead of their income tax liability.
March 30
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As President Donald Trump huddles with advisers over plans for a tax overhaul, Congress is considering options to soften a controversial centerpiece of the House Republicans’ tax plan—a step that might mean smaller tax cuts for corporations.
March 30
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Super Bowl LI offered us many surprises this year, not the least of which was the New England Patriots’ incredible comeback. However, as a practicing CPA and attorney working exclusively in tax representation, I was taken aback with something else, as I’m sure many tax practitioners were: H&R Block, Jon Hamm and IBM’s “Watson.”
March 29
Paul Mancinone Company, P.C. -
The integration performs address cleansing within the e-commerce platform to identify correct jurisdictions for taxation.
March 29
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Two former chairmen of the Senate Finance Committee have re-introduced legislation to protect tax fraud whistleblowers from retaliation.
March 29 -
A group of lawmakers is asking for extra money for the Internal Revenue Service instead of the steep cuts proposed by the Trump administration.
March 29
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The Internal Revenue Service is proposing procedures for how a taxpayer can ask for automatic consent to change an accounting method in preparation for the Financial Accounting Standards Board’s new revenue recognition standard.
March 28
