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Foreign tax credits intersect with global minimum taxes

Accounting Today

The Internal Revenue Service and the Treasury Department plan to issue regulations on the interplay between foreign tax credits, dual consolidated losses and OECD rules.

Tax 273
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Tax season 2024: The final numbers

Accounting Today

The number of individual income tax returns received rose by 16.34% in the final week of tax season.

Tax 356
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Tax Strategy: Year-end 2023 tax planning

Accounting Today

In spite of the lack of new tax legislation so far this year, taxpayers and tax preparers have plenty to focus on in preparing 2023 returns.

Tax 343
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Tax extenders bill stalled

Accounting Today

The tax extenders legislation is still tied up in the Senate after being passed in the House as senators are still seeking changes in some of the provisions, such as the expanded Child Tax Credit.

Billing 298
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Tax extenders bill throws new uncertainty into tax season

Accounting Today

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
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A CPA's day in Tax Court

Accounting Today

For CPAs who aspire to practice in Tax Court, the ability to review a case that has been litigated by a fellow CPA is a useful educational tool.

CPA 300
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IRS wraps up tax season

Accounting Today

The Internal Revenue Service reported stronger performance on Monday, April 15, as it concluded this year's tax filing season, saying it had answered 1 million more phone calls from taxpayers and helped 170,000 people in person compared to last year.

Tax 294