TAX PRO TODAY

Tax Strategy: What to watch for in a difficult tax season

By Mark A. Luscombe      

While there's much that remains uncertain, there are a host of complications we can already identify. Read story →

Congress asks IRS to stop fines for taxpayers caught in backlog

By Laura Davison       2 min read

The Internal Revenue Service is under pressure from a large group of lawmakers to stop penalties and pause automated collections from taxpayers whose returns have been caught in a processing backlog. Read story →

Entering ‘another miserable tax season’

By Roger Russell       6 min read

Things are going to get difficult, and practitioners shouldn’t expect help from the IRS, experts warn. Read story →

Crypto tax loophole offers escape hatch for battered investors

By Allyson Versprille       2 min read

There may be a silver lining for crypto investors selling at huge losses during the recent market turmoil.  Read story →

SPONSOR CONTENT

Trends and Technologies Shaping the Future of Tax and Accounting

Get the latest news, trends and resources on the tax solutions of the future Learn more →

Treasury prods Congress for passage of global tax accord

By Laura Davison       3 min read

American competitiveness is at stake, according to a top U.S. Treasury official. Read story →

Top Democratic senators push Biden to revive CTC

By Erik Wasson       2 min read

A group of Senate Democrats want the expanded monthly Child Tax Credit payment as the “centerpiece” of any revived tax and spending agenda. Read story →

Crypto, NFTs are rife with ‘mountains’ of fraud, IRS says

By Allyson Versprille       2 min read

IRS investigators say the frauds including money laundering, market manipulation and tax evasion — and even celebrities could get caught up in the agency’s probes.  Read story →

In the blogs: How about a hug?

By Jeff Stimpson       3 min read

Minute by minute; variations in the standard; new kid on the blog; and other highlights from our favorite tax bloggers. Read story →

IRS Child Tax Credit letters may have wrong information

By Michael Cohn       7 min read

The letters that the Internal Revenue Service has been sending to taxpayers about the amounts they received on advance payments of the Child Tax Credit may have outdated information. Read story →

When can a startup start deducting expenses?

By Roger Russell       3 min read

A Tax Court case illustrates the complexity of deciding when, exactly, a business becomes a good concern in the eyes of the IRS. 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

Launching a CAS practice

Thursday, February 24, 2022 2:00 PM EST

A panel of experts from firms with thriving client accounting services practices share their insights on the technology, training, marketing, clients and more that you need to make the most of this popular service offering. Learn More →

SPONSORED BY BOTKEEPER

WEB SEMINAR

Looking ahead: Business planning for accountants

Accountants who offer payroll services reveal opportunities for enhancement as they share ongoing plans Learn More →

SPONSOR CONTENT FROM SurePayroll

WEB SEMINAR

Positioning your accounting firm for growth in 2022 and beyond

Tuesday, March 1, 2022 2:00 PM EST

Despite the ongoing pandemic, time marches on, with accountants looking ahead at everything from client services and prospecting to technology and staff investments. Please join us to learn more about how your firm should be positioning payroll services and other offerings to drive business opportunities. Learn More →

SPONSOR CONTENT FROM SurePayroll

More resources →