TAX PRO TODAY

Tax planning is worth 5 times tax prep

By Daniel Hood       1 min read

A survey from Intuit Accountants indicates that tax-related planning and advisory services bring in much more than compliance services. Read story →

Filing relief for weather victims in Illinois, Tennessee

By Jeff Stimpson       3 min read

The IRS is now offering later deadlines to more areas hit by storms, tornadoes and flooding. Read story →

Super-rich Americans relieved as tax hikes are canceled for now

By Ben Steverman       5 min read

The Build Back Better bill looks likely to only be considered in January 2022, and that likely in less radical form. Read story →

SALT-cap expansion has nowhere to go as Biden agenda stalls

By Laura Davison       3 min read

Advocates say they'll continue pushing for the write-off, but it is not widely popular. Read story →

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With Biden's plan adrift, tax bills for rich Americans are in doubt

By Laura Davison       4 min read

'Planning has been put on hold, because no one knows what the rules of the game are,' says one accounting firm partner. Read story →

U.S. tax overhaul shelved, imperiling credits, millionaire levy

By Laura Davison and Christopher Condon       4 min read

Failure could imperil the backbone of the party’s messaging for the midterm elections. Read story →

Fighting climate change through taxes

By Michael Cohn      

Kate Barton of EY, discusses tax-related trends highlighted by the recent COP 26 gathering. Read story →

Plan now for two major changes to R&D credits

By Heidi Henderson       5 min read

New reporting requirements and possible amortization are on the way. Read story →

Taxpayer data still at risk at IRS: TIGTA

By Daniel Hood       3 min read

An IT audit finds progress on many fronts, but COVID proved that modernization remains a must for the agency. Read story →

New guidance on changing accounting methods

By Daniel Hood       1 min read

Revenue Procedure  2022-9 lays out the procedures for getting automatic consent to a change to the cash method. Read story →

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