Accounting Today

AUGUST 29, 2024

Some IRS policies may favor large multinational corporations that use foreign no-tax or low-tax jurisdictions for the sole purpose of avoiding paying U.S. taxes, according to a TIGTA report.

Tax 300

Tax 300

Accounting Today

OCTOBER 1, 2024

The American Institute of CPAs has sent a letter to the IRS asking for immediate tax relief in the wake of the hurricane, which caused widespread destruction in six states.

Tax 300

Tax 300

Accounting Today

SEPTEMBER 4, 2024

Big Four firm PwC announced that its international tax platform Beacon, which has been used internally, is now available for non-audit clients for Pillar Two and US international tax calculations.

Tax 278

Tax Auditing 278

Accounting Today

AUGUST 14, 2024

A new study reveals increases in both local and new tax rates across the country, highlighting an urgent need for revenue at the municipal level.

Tax 325

Tax 325

Accounting Today

JULY 23, 2024

3 to file various federal individual and business tax returns and make tax payments. Individuals and businesses in the affected counties now have until next Feb.

Tax 312

Tax 312

Accounting Today

OCTOBER 25, 2023

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 345

Tax 345

Accounting Today

SEPTEMBER 12, 2024

Noted; loan sharks; lowering the Boomer; and other highlights of recent tax cases.

Tax 304

Tax 304

Accounting Today

MAY 9, 2024

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 278

Tax Corporation Tax 278

Accounting Today

JUNE 7, 2024

While the Internal Revenue Service has managed to reduce its backlog of unprocessed tax returns since the pandemic, one area where it's losing ground is in processing all the documentation for tax adjustments.

Tax 321

Tax 321

Accounting Today

AUGUST 22, 2024

Pushing 100 notices; nothing but the tooth; checking out; and other highlights of recent tax cases.

Tax 306

Tax 306

Intuit

JULY 30, 2024

As individual and business tax returns were set to be filed this past April, tens of millions of Intuit customers and thousands of experts saw the fruits of this labor firsthand, through hyper-personalized filing experiences, and the interweaving of digital and human expertise. On April 15, the U.S.

Tax 279

Tax QuickBooks Bookkeeping 279

Accounting Today

AUGUST 1, 2024

965 mandatory repatriation tax was constitutional, but the majority opinion avoided the principal issue presented to the court. A recent Supreme Court case held that the Code Sec.

Tax 286

Tax 286

Accounting Today

FEBRUARY 12, 2024

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 304

Billing Tax 304

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 337

Billing Tax 337

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 332

Tax Corporation Tax 332

Accounting Today

OCTOBER 3, 2024

Let me pay that; W-2-timer; the early bird gets a cell; and other highlights of recent tax cases.

Tax 161

Tax 161

Accounting Today

SEPTEMBER 5, 2024

On ice; the end of the beginning; Speed trap; and other highlights of recent tax cases.

Tax 278

Tax 278

Accounting Today

AUGUST 29, 2024

Close personal relationships; home is where the scam is; tort trouble; and other highlights of recent tax cases.

Tax 286

Tax 286

Accounting Today

SEPTEMBER 6, 2024

In a landmark decision earlier this year, the Supreme Court addressed the valuation of shares in closely held corporations for federal tax purposes.

Tax 294

Tax 294

Accounting Today

APRIL 30, 2024

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

Tax 357

Tax 357

Accounting Today

AUGUST 1, 2024

The price of flame; a guy at the IRS; package deal; and other highlights of recent tax cases.

Tax 300

Tax 300

Accounting Today

JUNE 5, 2024

The Internal Revenue Service is turning to artificial intelligence to help select tax returns to audit and narrow the tax gap, but it needs to use this new technology consistently and transparently, according to a new government report.

Tax 330

Tax Auditing 330

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 332

Tax 332

Accounting Today

AUGUST 9, 2024

The Treasury Department and the Internal Revenue Service said Friday that Connecticut will be the latest state to join the IRS Direct File program for free tax preparation.

Tax 306

Tax 306

Accounting Today

FEBRUARY 13, 2024

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

Tax 325

Tax 325

Accounting Today

OCTOBER 1, 2024

Without an income tax, Washington has one of the most regressive tax systems in the U.S.

Tax 214

Tax 214

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 317

Tax 317

Accounting Today

APRIL 15, 2024

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 300

Tax 300

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 286

Tax Accounting Accounting 286

Accounting Today

AUGUST 8, 2024

Fictitious relatives; countless meals; the road to Morocco; and other highlights of recent tax cases.

Tax 292

Tax 292

Accounting Today

AUGUST 20, 2024

In 2023, 125 violation cases of unauthorized access of tax return data were reported, the highest since 2018, but instances of disclosure violations remains low.

Tax 306

Tax 306

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 334

Tax 334

Accounting Today

JUNE 6, 2024

The freedom of working remotely while traveling the world doesn't include freedom from tax compliance issues.

Tax 332

Tax 332

Accounting Today

JUNE 18, 2024

The Internal Revenue Service is easing the rules for claiming a tax refund tied to a claim for the research and development tax credit.

Tax 317

Tax 317

Accounting Today

JULY 1, 2024

The IRS and Treasury Department released final regulations on how companies and tax pros should report and pay the 1% excise tax on corporate stock repurchases.

Tax 257

Tax Corporation Tax 257

Accounting Today

AUGUST 28, 2024

In 2023, 179,000 notices of federal tax lien were filed, down roughly 84% from the high in 2010 of nearly 1.1 million.

Tax 292

Tax 292

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 317

Tax 317