IRS WATCH

Bombshell tax draft throws curveball at retirement plans, inheritances, levies on the rich

By Lynnley Browning       5 min read

While Biden isn’t getting some of his proposed tax increases on the wealthy, some surprising new hikes may be in the works.  Read story →

IRS hit with programming bug on COVID-19 tax relief

By Michael Cohn       2 min read

The service warned Thursday of an issue that’s affecting business taxpayers who need transcripts for requesting COVID-19 employment tax relief. Read story →

Many tax pros are undercharging clients: NATP

By Jeff Stimpson       2 min read

The NATP has released the latest edition of its annual fee study for practitioners. Read story →

$16B in EITC payments in 2020 may have been improper

By Michael Cohn       3 min read

The IRS's strategy for examining claims for the Earned Income Tax Credit are falling short, according to a new report. Read story →

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Inflation brings big changes in tax brackets

By Michael Cohn       2 min read

The high inflation amounts that households and businesses have been experiencing this year are likely to lead to larger increases in tax brackets and other inflation-adjusted tax items in 2022. Read story →

New York, New Jersey, Mississippi Ida victims get tax relief

By Jeff Stimpson       3 min read

The IRS has moved a number of filing and payment deadlines. Read story →

Tax Fraud Blotter: Skullduggery

By Jeff Stimpson       6 min read

Mr. Coins; a whole book of numbers; lack of horse sense; and other highlights of recent tax cases. Read story →

Alexandria Ocasio-Cortez brings ‘tax the rich’ message to New York’s elite

By Amanda L Gordon       3 min read

The progressive Democratic congresswoman Alexandria Ocasio-Cortez used the Met Gala to make a political statement by wearing a dress with the message splashed across the back. Read story →

Meet the 2021 Best Midsized and Large Firms to Work For

By Daniel Hood      

An introduction to the members of Accounting Today's annual ranking of the top workplaces in the profession. Read story →

Meet the 2021 Best Small Firms to Work For

By Daniel Hood      

An introduction to the members of Accounting Today's annual ranking of the top workplaces in the profession. Read story →

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