| By Michael Cohn 4 min read | Two lawmakers in the House reintroduced bipartisan legislation Wednesday to change a provision in the Tax Cuts and Jobs Act that makes it difficult for performers to deduct business expenses. Read story → |
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| | | By Laura Davison 2 min read | New York City Democratic mayoral nominee Eric Adams told a group of House lawmakers that the limit on the state and local tax deduction enacted in 2017 is a top issue harming the city. Read story → |
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| | | By Katia Dmitrieva 2 min read | While the households of 60 million children have already received the administration’s child tax credit, roughly 4 million or more are likely to fail to get the funds because they don’t appear on a prior tax return. Read story → |
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| | | By Brandon Kochkodin 2 min read | IRA provider Choice and Bitcoin mining and hosting firm Compass Mining announced that they’re offering an IRA that will allow miners to produce the cryptocurrency in a tax advantaged account. Read story → |
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| Lease accounting software from CoStar analyzes and classifies leases for new lease accounting requirements Watch here → |
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| | | By Laura Davison 2 min read | The Senate’s bipartisan infrastructure deal envisions imposing stricter rules on cryptocurrency investors to collect more taxes to fund a portion of the $550 billion investment into transportation and power systems. Read story → |
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| | | By William Horobin and Zoe Schneeweiss 2 min read | Global companies are benefiting from a prolonged decline in tax rates and continue to shift profits between jurisdictions to further cut their bills, new data from the OECD showed. Read story → |
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| | | By Ranica Arrowsmith 2 min read | Together with government and industry representatives, the firm has created a far-reaching blockchain solution to address challenges in the cross-border withholding tax process. Read story → |
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| | | By Michael Cohn 2 min read | New reports indicate 497 high-income taxpayers had over $150 million in their individual retirement accounts, and nearly 25,000 taxpayers had aggregate IRA account balances of $5 million or more. Read story → |
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| | | By Jeff Stimpson 4 min read | CTC scams already; inequitable ACA; pandemic’s effects on states remain unclear; and other highlights from our favorite tax bloggers. Read story → |
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| | | By Roger Russell 3 min read | OZ funds can make a good investment better, but they can’t make a bad investment a good one. 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 | | Thursday, July 29, 2021 2:00 PM EDT | Compliance with the lease accounting standards applies to every organization subject to the rules of the Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB), regardless of size. Learn More → | SPONSOR CONTENT FROM EZLEASE | | | WEB SEMINAR | | Wednesday, September 8, 2021 2:00 PM EDT | Accounting Today will reveal its annual ranking of the top workplaces in the accounting profession during this live webinar -- and talk with leaders from some of the winners to reveal what sets them apart from other accounting firms, and how they became employers of choice in the field. Learn More → | SPONSORED BY ADP | | | WEB SEMINAR | | Thursday, August 19, 2021 2:00 PM EDT | Crypto assets reporting may be one of the biggest challenges — and opportunities — for tax professionals during the current extension and upcoming tax seasons. Learn More → | SPONSOR CONTENT FROM WOLTERS KLUWER | More resources → |
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