| By Michael Cohn 3 min read | Intuit has decided to leave the Free File Alliance after coming under criticism for making it difficult to access a truly free version of TurboTax. Read story → |
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| | | By Billy House and Erik Wasson 4 min read | So far, the Speaker of the House has been relegated to the sidelines in the stalled Senate debate over a $3.5 trillion budget blueprint. Read story → |
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| | | By Colin Wilhelm 2 min read | The bill would expand eligibility for the “pass-through” deduction to lawyers, accountants or doctors making above certain income thresholds. Read story → |
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| | | By Michael Cohn 4 min read | The Internal Revenue Service has begun offering online Tax Pro Accounts that practitioners can use for submitting an authorization request to an individual client’s own taxes online with the IRS. Read story → |
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| | | By Steven T. Dennis and Laura Litvan 4 min read | The Senate Majority Leader will take a preliminary step Monday that would lead to a first test vote on the infrastructure plan by Wednesday. He set the same day as a deadline for all Senate Democrats to unite behind a budget blueprint. Read story → |
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| | | By Jeff Stimpson 5 min read | Rage against the Machine; property casualty; herbal remedy; and other highlights of recent tax cases. Read story → |
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| | | By Laura Davison and Colin Wilhelm 2 min read | Democrats may include at least a partial expansion of the state and local income tax deduction in the $3.5 trillion budget outline that Senate Democrats agreed upon this week. Read story → |
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| | | By Michael Cohn 6 min read | The IRS and the Treasury started disbursing advance monthly payments Thursday of the expanded Child Tax Credit in a program that aims to lift millions of families out of poverty. Read story → |
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| | | By Jordan Fabian and Erik Wasson 4 min read | President Joe Biden urged Senate Democrats to act boldly on his sweeping social and economic agenda Wednesday, as they began hashing out details of an $3.5 trillion tax and spending agreement that marks a crucial step forward for his plan. Read story → |
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| | | By Kenneth P. Doyle 3 min read | Democratic leaders want voters in key states to know which party is responsible for the checks Americans with young children are set to start receiving on Thursday. 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, July 21, 2021 2:00 PM EDT | Adoption of ASC 842 was challenging enough. No company implemented new lease accounting software expecting to replace it just a couple of years later. But many are doing just that. Learn More → | SPONSOR CONTENT FROM COSTAR | | | WEB SEMINAR | | Thursday, August 12, 2021 2:00 PM EDT | Customers, investors, regulators and other stakeholders’ expectations of bankers are rapidly evolving, and disruptive competitors are targeting our most profitable customers. Learn More → | SPONSOR CONTENT FROM MOODY'S ANALYTICS | | | EBOOK | | | A new survey reveals which changes accounting firms made to their businesses in 2020—and which will be permanent. Download Now → | SPONSOR CONTENT FROM RIGHT NETWORKS | More resources → |
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