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 American Institute of CPAs has sent a set of proposed guidelines to the Internal Revenue Service recommending how the IRS should deal with the allocation of unrelated business income expenses of tax-exempt organizations for dual-use facilities and personnel.
February 27
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Debate over a border-adjustment tax is consuming Washington, but another, less-discussed proposal in House Speaker Paul Ryan’s tax plan stands a better chance of being included in a GOP overhaul bill.
February 27
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The Oracle of Omaha cast doubt on a controversial centerpiece of House Speaker Paul Ryan’s tax overhaul, saying the measure would lead to higher prices for consumers and likely be scaled back because it’s too politically contentious.
February 27
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H&R Block is out to wrest back market share from its online tax-prep rivals with such aggressive measures as free services and interest-free advances on refunds—oh, and plunking a supercomputing Jeopardy star down on the desks of its 70,000 tax preparers.
February 27
- Non-profits
Public information from approved applications for tax exemption is available electronically for the first time.
February 24
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Taxpayers with income from farming or fishing have until Wednesday to file their 2016 Form 1040 and pay the tax due.
February 24
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Republican lawmakers expect their ACA replacement will result in decrease in insured Americans, despite growing support for the program.
February 24
