| By Michael Cohn 4 min read | The Internal Revenue Service mailed out nearly 90,000 premature notices and demands for overdue taxes to taxpayers last year, even though the filing date had been extended. Read story → |
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| | | By Erik Wasson, Kaustuv Basu and Allyson Versprille 5 min read | The biggest set of U.S. tax increases in a generation took a major step forward on Wednesday. Read story → |
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| | | By Michael Cohn 3 min read | Lawmakers proposed bipartisan legislation in the Senate to allow the Internal Revenue Service to postpone filing deadlines when a state-level disaster declaration is issued, rather than waiting for the federal government. Read story → |
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| | | By Jeff Stimpson 6 min read | Barely any business; happy to take a check; second time’s the charm; and other highlights of recent tax cases. Read story → |
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| | | By Allyson Versprille 2 min read | The measure could be used to pay for a modification of the cap on the federal deduction of state and local taxes. Read story → |
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| | | By Ben Steverman and Kaustuv Basu 5 min read | Qualified small business stock may lose a lot of its value if congressional proposals go through. Read story → |
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| | | By Nancy Cook and Josh Wingrove 2 min read | President Biden plans to urge Democrats to unite, focusing on the struggles of middle class families. Read story → |
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| | | By Jeff Stimpson 3 min read | Tax rates since WWII; OZs and 5G; Intuit and Mailchimp; and other highlights from our favorite tax bloggers. Read story → |
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| | | By Lynnley Browning 6 min read | The agency will consider whether to require affluent taxpayers to pay tax on transfers to trusts made under higher exemptions that expire come 2026. Read story → |
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| | | By Michael Cohn 4 min read | Private equity firms are increasing their funding of accounting firms in a pair of deals announced this week, with Lightyear Capital partnering with Schellman & Co., and CVC Capital Partners investing in CFGI. 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, September 22, 2021 2:00 PM EDT | Adoption of ASC 842 lease accounting guidance is challenging, and most companies that have worked on compliance just want to get to a finish line. Learn More → | SPONSOR CONTENT FROM COSTAR | | | EBOOK | | | Learn how to transform your practice and gain competitive edge by finding new ways to support remote work, collaborate, add value to services, and enhance efficiencies to workflows. Download Now → | SPONSOR CONTENT FROM CaseWare | | | WEB SEMINAR | | Tuesday, October 26, 2021 2:00 PM EDT | Lease accounting is a relatively new subject area for many financial leaders. Learn More → | SPONSOR CONTENT FROM EZLease | More resources → |
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