| By Michael Cohn 4 min read | The American Families Plan includes provisions that would expand Internal Revenue Service oversight of tax preparers. Read story → |
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| | By Lynnley Browning 4 min read | Heirs of IRAs and 401(k)s won't need to take annual distributions before cashing out within a decade of receiving the plans, the agency says. Read story → |
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| | By Roger Russell 5 min read | After a pause during COVID, experts predict an increase in tax controversies. Read story → |
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| | By Michael Cohn 4 min read | The estate of the late singer prevailed on the valuation of his name and likeness and the taxes owed to the IRS in a long-awaited Tax Court ruling. Read story → |
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| Square has all the tools you need to grow your business, all in one solution. Read more → |
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| | By Josh Wingrove 1 min read | The proposal won’t affect couples with incomes below $400,000 — but could impact couples who together exceed that threshold. Read story → |
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| | By Justin Sink and Alex Wayne 6 min read | The president declared the U.S. has turned the corner on a pandemic that’s killed more than half a million Americans. Read story → |
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| | By Michael Cohn 2 min read | The updated early draft versions will be used by pass-through businesses to report foreign tax information. Read story → |
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| | By Josh Wingrove and Laura Davison 2 min read | The proposed top 39.6 percent tax bracket in the administration's “American Families Plan” would encompass less than 1 percent of taxpayers. Read story → |
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| | By Michael Cohn 8 min read | President Biden’s American Families Plan would provide tax credits for families and low-income workers, but eliminate a popular tax break for inheritances and raise taxes on capital gains. Read story → |
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| | By Michael Cohn 5 min read | The Small Business Administration plans to begin accepting applications Monday for a new program to help hard-hit restaurants reopen during the pandemic, and some firms are preparing clients to apply. Read story → |
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| Follow Accounting Today in real time. More ways to get the most trusted industry news and analysis. |
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| | | | | | RESOURCES | | WEB SEMINAR | | Wednesday, May 5, 2021 2:00 PM EDT | Whether you are an accountant who is involved in the preparation of financial statement disclosures or an accountant who makes it a priority to stay current with trending topics in the accounting industry, joins us for this important webinar. Learn More → | SPONSOR CONTENT FROM BECKER PROFESSIONAL EDUCATION | | REPORT | | | Our 10-step guide will walk you through step-by-step so you can stop paying invoices and start leveraging accounts payable. Learn More → | SPONSOR CONTENT FROM SAP CONCUR | | WEB SEMINAR | | Thursday, May 27, 2021 2:00 PM EDT | In very different ways, blockchain and cryptocurrencies offer new opportunities to accountants. Learn More → | SPONSOR CONTENT FROM CPA.COM/LUKKA | More resources → |
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