TAX PRO TODAY

IRS adjusts tax levels for inflation in 2022, raises standard deduction

By Michael Cohn       3 min read

The service released its annual inflation adjustments Wednesday, including the standard deduction amount for individual and married taxpayers. Read story →

Musk offloads $5B of Tesla stock as tax debate rages

By Anders Melin       3 min read

The world’s richest person has disposed of more than 4.5 million shares so far this week. Read story →

Biden agenda faces revenue doubt with IRS boost likely left out

By Colin Wilhelm and Michael Bologna       3 min read

A major IRS enforcement boost will likely be omitted from a forthcoming top-line revenue estimate of Democrats’ tax-and-spend package. Read story →

In the blogs: Beneficial outcomes

By Jeff Stimpson       3 min read

Infrastructure and crypto; how pros would tackle tax policy; withholdings and non-resident employees; and other highlights from our favorite tax bloggers. Read story →

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IRS Appeals to stay virtual for time being

By Roger Russell       3 min read

Officials shared information on mid-February returns, preparing for next tax season, and more. Read story →

Advisors gaming out Democrats’ tax proposal for wealthy clients confront slippery, winding road

By Lynnley Browning       6 min read

How advisors handle tax advice for their clients can depend on how large their firm is. Read story →

Musk’s Twitter gambit opens way to paying billions to IRS

By Anders Melin and Scott Carpenter       3 min read

The Tesla founder will have a hefty tax bill however he chooses to make good on his pledge. Read story →

Opportunity zone compliance eludes IRS as deadline approaches

By Michael Cohn       8 min read

Much of the data necessary for compliance is unavailable, according to a new report. Read story →

A revised framework for the Build Back Better bill

By Mark A. Luscombe      

A look inside the current state of the Biden administration's 'human infrastructure' bill. Read story →

Infrastructure bill includes some tax provisions

By Michael Cohn       4 min read

The bipartisan infrastructure bill that the House passed over the weekend and sent to President Biden’s desk includes some tax-related provisions, including an early expiration of the Employee Retention Tax Credit and new rules for reporting on cryptocurrency transactions. Read story →

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The top 3 transformations in accounting: Surviving the shifting roles of the CFO

Thursday, November 11, 2021 2:00 PM EST

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Wednesday, December 15, 2021 2:00 PM EST

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