BEST

IRS opens tax pro accounts

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 →

Wyden introduces bill to overhaul pass-through deduction and expand to accountants

By Michael Cohn       6 min read

The Senate Finance Committee chairman's legislation would streamline the 199A deduction for qualified business income, allowing accountants, lawyers, doctors and others to qualify, but phasing out above $400,000. Read story →

Intuit withdraws TurboTax from Free File Alliance

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 →

Millions took early distributions from retirement accounts due to COVID

By Michael Cohn       3 min read

A new TIGTA report warns, however, that many didn’t follow the rules and could face potential tax penalties. Read story →

SPONSOR CONTENT

Accounting practice management all in one place

Streamline your firm, increase your ROI and create a conected client experience with a full suite practice management software. LEARN MORE →

IRS overlooked FEMA numbers to verify casualty and theft loss deductions

By Michael Cohn       4 min read

The service didn’t flag hundreds of millions of dollars of unsupported deductions. Read story →

IRS warns of child tax credit scams

By Michael Cohn       5 min read

The Internal Revenue Service’s Criminal Investigation division is cautioning taxpayers and tax professionals to beware of scams related to the expanded Child Tax Credit in which fraudsters are trying to steal money and personal information. Read story →

The coming shift in sales tax compliance

By Roger Russell       3 min read

A new survey by Sovos highlights the ongoing digital evolution of the field. Read story →

Ex-IRS tech employee convicted of fraud

By Michael Cohn       2 min read

A federal jury convicted a former Internal Revenue Service IT specialist on fraud charges for stealing a victim’s identity and using it to buy $58,000 worth of plane tickets, hotel rooms and home-remodeling materials. Read story →

4 ways to improve your client relationships

By Nathan Liao      

Every one of your clients wants to work with an accountant they can trust and rely on.  Read story →

The sad state of accounting standards

By Baruch Lev       5 min read

NYU accounting professor Baruch Lev on three ways standard-setters can significantly improve their agendas. Read story →

Follow Accounting Today in real time. More ways to get the most trusted industry news and analysis.

Twitter

Facebook

LinkedIn

RESOURCES

WEB SEMINAR

Helping nonprofits navigate the future

Tuesday, July 27, 2021 2:00 PM EDT

Few clients need their accountants’ help more than nonprofit organizations, which face a host of constraints and new expectations even in the best of times – but with the COVID-19 pandemic having seriously impacted their ability to both fulfill their core missions and raise much-needed funds, nonprofits need help more than ever. Learn More →

SPONSORED BY SAGE INTACCT

REPORT

Tips to build a culture of compliance

Compliance rules and restrictions might keep changing, but the tools and technology keep improving as well. As you review your status-quo or consider new options, here are some tips you can follow to make sure you stay within policy, ahead of regulations and build a culture of compliance for your business. Learn More →

SPONSOR CONTENT FROM SAP CONCUR

EBOOK

Get back to going forward

As a finance leader, you’re tasked with building a financial foundation that supports continued business momentum. No matter how your business is doing, you always want to make sure you’re doing your best. Download Now →

SPONSOR CONTENT FROM SAP CONCUR

More resources →