Accounting Today

JANUARY 24, 2024

The House Ways and Means Committee reported the text of the Tax Relief for Workers and Families Act after voting last week to advance the bipartisan bill.

Billing 333

Billing Tax 333

Accounting Today

APRIL 18, 2024

Speedy decision; trouble in paradise; diplomatic imbecility; and other highlights of recent tax cases.

Tax 294

Tax 294

Accounting Today

JANUARY 3, 2024

Fifteen states are reducing either individual or corporate income taxes this year, with some states trimming both individual and corporate taxes, among 34 states starting the year with significant tax changes.

Tax 327

Tax Corporation Tax 327

Accounting Today

APRIL 11, 2024

From BOI reporting to tax legislation in limbo, even the most 'normal' filing season in a several years still has unresolved questions.

Tax 323

Tax 323

Accounting Today

APRIL 5, 2024

A new study analyzing 110 years of state-level tax policies shows a migration of wealthy Americans to low-tax jurisdictions.

Tax 294

Tax 294

Accounting Today

FEBRUARY 13, 2024

While passage in the Senate is uncertain, many of the changes could impact 2023 tax returns.

Tax 319

Tax 319

Accounting Today

JANUARY 16, 2024

The chairs of Congress's two main tax committees announced a deal to extend a number of expired tax credits and tax breaks, including the expanded Child Tax Credit.

Tax 327

Tax 327

Accounting Today

APRIL 16, 2024

The number of individual income tax returns received rose by more than 17.5% in just one week, as tax season entered its final stretch.

Tax 315

Tax 315

Accounting Today

FEBRUARY 20, 2024

In the wake of President's Day, and in the midst of tax season, take a minute to learn about Washington's and Lincoln's key contributions to the U.S. tax system.

Tax 311

Tax 311

Accounting Today

JANUARY 5, 2024

The Internal Revenue Service will be hosting a Tax Professional Awareness Week starting Monday, Jan. 8, to give tax pros an opportunity to get ready for tax season.

Tax 311

Tax 311

Accounting Today

FEBRUARY 16, 2024

The Internal Revenue Service would be able to implement changes to the Child Tax Credit within weeks, IRS Commissioner Danny Werfel told Congress, and send out tax refunds promptly.

Tax 348

Tax Auditing 348

Accounting Today

APRIL 9, 2024

The Internal Revenue Service urged tax professionals to steer clear of so-called "spearphishing" scams from cybercriminals, including identity thieves posing as new clients.

Tax 288

Tax 288

Accounting Today

JANUARY 22, 2024

The Internal Revenue Service has revised the question it has asked in recent years about income from digital assets such as cryptocurrency on the Form 1040 for individual taxpayers this tax season and added it for the first time to tax forms for estates, trusts, partnerships and C and S corporations.

Tax 349

Tax 349

Accounting Today

MARCH 25, 2024

Time is running out for nearly 940,000 individuals to claim refunds from 2020, with a May 17 deadline approaching for filing the necessary tax returns.

Tax 294

Tax 294

Accounting Today

APRIL 15, 2024

The Internal Revenue Service is waiving penalties to companies that fail to pay their estimated taxes for the first quarter for the corporate alternative minimum tax.

Tax 177

Tax Corporation Tax 177

Accounting Today

DECEMBER 11, 2023

The Treasury Department and the Internal Revenue Service expect to issue proposed regulations to address the application of the foreign tax credit and related rules and the dual consolidated loss rules to certain types of taxes described in the GloBE Model Rules.

Tax 330

Tax 330

Accounting Today

FEBRUARY 8, 2024

The Internal Revenue Service issued a warning about a new scam email this tax season pretending to come from tax software providers asking for the preparer's Electronic Filing Identification Number.

Tax 323

Tax 323

Accounting Today

NOVEMBER 3, 2023

The service's development of its newly introduced business tax accounts and recent improvements in its tax pro accounts could be jeopardized if funding is cut.

Tax 281

Tax Accounting Accounting 281

Accounting Today

APRIL 3, 2024

Companies using artificial intelligence have a long way to go before people will fully trust them to help with their taxes, according to a recent poll.

Tax 294

Tax 294

Accounting Today

MARCH 11, 2024

The fate of the Child Tax Credit is in the hands of the Senate, but the IRS is ready to implement changes rapidly if the bill is passed.

Tax 341

Tax Billing 341

Accounting Today

MARCH 28, 2024

Farming it out; short circuited; California dreamin'; and other highlights of recent tax cases.

Tax 297

Tax 297

Accounting Department

APRIL 11, 2024

As small and medium-sized businesses undergo rapid expansion and growth, they are often faced with a myriad of sales tax challenges, particularly within the retail and e-commerce sectors.

Tax 211

Tax Financial Operations Financial Operations Accounting 211

Accounting Today

APRIL 15, 2024

The International Ethics Standards Board for Accountants has unveiled a set of ethical standards for business tax planning in response to complaints over tax avoidance by multinational companies.

Corporation Tax 194

Corporation Tax Tax Accounting Accounting 194

Accounting Today

MARCH 21, 2024

The Senate Finance Committee held a hearing to discuss the Biden administration's recently unveiled budget and tax proposals, as tax experts try to predict what will happen after the election.

Budgeting 286

Budgeting Tax 286

Accounting Today

JANUARY 31, 2024

The House passed tax extenders legislation reviving a number of tax breaks, including the enhanced Child Tax Credit, the ability to fully deduct research and development expenses in the first year, 100% bonus depreciation, disaster tax relief, and more.

Tax 315

Tax Billing 315

Accounting Today

MARCH 26, 2024

Fully 69% of registered voters in seven swing states say they favor higher taxes on billionaires, and they support higher income taxes on people who make more than $400,000 a year by the same margin.

Tax 288

Tax 288

Accounting Today

MARCH 19, 2024

The Bekkerman case held that California may tax a bundled cellphone at the full price as an unbundled cellphone, rather than the discounted price.

Tax 280

Tax 280

Accounting Today

FEBRUARY 22, 2024

Repair thyself; this beauty's a steal; oh mama; and other highlights of recent tax cases.

Tax 292

Tax 292

Accounting Today

JANUARY 26, 2024

The Internal Revenue Service and tax professionals are preparing for the start of tax season Monday, hoping for a smooth filing season like last year, although last-minute tax law changes are possible thanks to a deal working its way through Congress to revive tax breaks like a more generous Child Tax Credit.

Tax 330

Tax 330

Accounting Today

APRIL 4, 2024

Chief culprit; tag, you're it; trust them not; and other highlights of recent tax cases.

Tax 278

Tax 278

Accounting Today

FEBRUARY 15, 2024

Not a lot of Latitude; the cupboards are bare; lots of energy; and other highlights of recent tax cases.

Tax 310

Tax 310

Accounting Today

MARCH 27, 2024

As difficult as taxes may be, they're also important for multistate businesses to get right.

Tax 287

Tax 287

Accounting Today

APRIL 10, 2024

Plus, Google is making massive changes to Chrome, AI-powered tax chatbots aren't performing well, and seven other things that happened in technology this past month.

Tax 305

Tax 305

Accounting Today

AUGUST 30, 2023

Whitman Transition Advisors, an advisory organization for accounting firms, made a strategic investment of an undisclosed amount in Tax Titans, a veteran-owned company that operates an online marketplace connecting small businesses and qualified tax professionals.

Tax 311

Tax Accounting Accounting 311

Accounting Today

JANUARY 11, 2024

The official start date of tax season for individual taxpayers will be on Jan. 29, but the Internal Revenue Service plans to accept business tax returns as soon as Jan.

Tax 323

Tax Corporation Tax 323

Accounting Today

APRIL 8, 2024

Here are some tips for showing your appreciation to your staff in the closing days of tax season.

Tax 294

Tax Accounting Accounting 294

Accounting Today

FEBRUARY 15, 2024

Whether they're enthusiastic or terrified, tax practitioners are anything but indifferent to the rise of artificial intelligence.

Tax 347

Tax 347