| By Michael Cohn 4 min read | The Internal Revenue Service is sending letters to over 36 million families about how they may be able to qualify for monthly Child Tax Credit payments, beginning in July. Read story → |
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| | | By Roger Russell 4 min read | The service offered highlights of tax season, the latest on stimulus packages, and more. Read story → |
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| | | By Donna Borak 6 min read | Private wealth clients, hedge fund managers and cryptocurrency traders fleeing to Puerto Rico for its huge tax breaks — and to escape President Joe Biden’s proposed capital gains tax increases — are now the focus of a sweeping Internal Revenue Service review. Read story → |
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| | | By Jonathan Levin 2 min read | Contrary to the dire predictions at the time, the massive overhaul of the nation’s Tax Code during Donald Trump’s presidency had a negligible initial impact on the nation’s domestic migration patterns, new data from the Internal Revenue Service show. Read story → |
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| Extension season is a perfect time to perform your due diligence and consider upgrading from your current tax prep and compliance software to the cloud. Register now! → |
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| | | By Bryce Covert 6 min read | Some in Washington have slammed states for what they consider kicking their own residents while they’re down — against the intent of Congress. Read story → |
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| | | By Jeff Stimpson 5 min read | Bait, switch and threaten; power corrupts; Herbal remedy; and other highlights of recent tax cases. Read story → |
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| | | By Saleha Mohsin and William Horobin 4 min read | The club of rich nations secured a landmark deal that could help them collect more taxes and impose levies on U.S. tech giants such as Amazon and Facebook. Read story → |
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| | | By Justin Sink and Laura Davison 4 min read | The proposal sets aside the Biden administration’s proposal to raise the headline corporate income rate to 28% from 21% — a non-starter for Republican lawmakers — though that could be pursued elsewhere. Read story → |
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| | | By Swapnil Shinde 4 min read | By creating a more efficient and strategic finance team and improving their access to data, AI helps them gain the ability to more closely manage and control money. Read story → |
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| | | By Michael Cohn 4 min read | The SEC abruptly fired William Duhnke as chairman of the Public Company Accounting Oversight Board. As part of the shakeup, PCAOB board member Duane DesParte will become acting chair, but the SEC plans to replace the entire slate of board members. 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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