Accounting Today

SEPTEMBER 11, 2024

Bloomberg Tax & Accounting projects that inflation-adjusted amounts in the Tax Code will increase 2.8% in 2025 — roughly half the increase in 2024 and down from 7.1% in 2023.

Tax 308

Tax Accounting Accounting 308

Accounting Today

SEPTEMBER 17, 2024

Between the coming sunset of the Tax Cuts and Jobs Act, the presidential election and a host of other factors, this is shaping up to be a tough year for advising clients.

Tax 306

Tax 306

Accounting Today

NOVEMBER 14, 2024

Everything must go; have con, will travel; gold rush; and other highlights of recent tax cases.

Tax 253

Tax 253

Accounting Today

OCTOBER 15, 2024

The National Association of Tax Professionals criticized an ad promoting Intuit's TurboTax full-service option, saying it encouraged taxpayers to leave their professional preparers.

Tax 325

Tax 325

Accounting Today

OCTOBER 31, 2024

To the mat; extra help; FACS of the case; and other highlights of recent tax cases.

Tax 305

Tax 305

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 347

Tax 347

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 290

Tax Corporation Tax 290

Accounting Today

OCTOBER 10, 2024

A senate hearing; lack of Unity; that ain't chicken feed; and other highlights of recent tax cases.

Tax 295

Tax 295

Accounting Today

NOVEMBER 13, 2024

To the Internal Revenue Service, Roger Ver symbolizes a new target in the digital age: a crypto holder suspected of failing to pay taxes after selling tokens.

Tax 260

Tax 260

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 321

Tax 321

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 328

Tax 328

Accounting Today

OCTOBER 24, 2024

Makin' a list; caught again; back to school; and other highlights of recent tax cases.

Tax 305

Tax 305

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 310

Tax 310

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 311

Tax 311

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 331

Tax 331

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 315

Billing Tax 315

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 336

Tax Corporation Tax 336

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 340

Billing Tax 340

Accounting Today

SEPTEMBER 19, 2024

Journey's end; just shocking; house cleaning; and other highlights of recent tax cases.

Tax 317

Tax 317

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 290

Tax Auditing 290

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 298

Tax 298

Accounting Today

OCTOBER 10, 2024

While the potential rewards are attractive, for many of the small to midsized players, there are a host of operational and tax-related implications that need to be addressed.

Tax 290

Tax 290

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 22, 2024

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

Tax 317

Tax 317

Accounting Today

SEPTEMBER 12, 2024

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

Tax 315

Tax 315

Accounting Today

NOVEMBER 5, 2024

The future of the Tax Cuts and Jobs Act and other tax issues are on the ballot.

Tax 264

Tax 264

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 336

Tax 336

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 325

Tax 325

Accounting Today

OCTOBER 17, 2024

With the November election mere weeks away, there is still time for tax pros to ponder the strategies available to meet the proposals of each candidate.

Tax 312

Tax 312

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 299

Tax Accounting Accounting 299

Accounting Today

FEBRUARY 13, 2024

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

Tax 331

Tax 331

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 312

Tax 312

Accounting Today

OCTOBER 10, 2024

The gap between taxes owed and paid increased to $696 billion in tax year 2022.

Tax 247

Tax 247

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 29, 2024

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

Tax 298

Tax 298

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 334

Tax Auditing 334

Accounting Today

NOVEMBER 7, 2024

The first two pages; a Rainy day; in all modesty; and other highlights of recent tax cases.

Tax 195

Tax 195