| By Michael Cohn 5 min read | The Internal Revenue Service ended a strategy for examining high-income taxpayers in 2017 and switched to another strategy that brought in far less tax revenue in the next few years. Read story → |
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| | | By Michael Cohn 2 min read | Over 500 government entities improperly applied for advance payments of employer tax credits last year during the COVID-19 pandemic and needed to repay them, according to a new report. Read story → |
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| | | By Roger Russell 4 min read | A whirlwind tour of American taxes, from Boston Harbor to today’s Internal Revenue Code. Read story → |
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| | | By Jordan Fabian and Erik Wasson 4 min read | President Joe Biden urged Senate Democrats to act boldly on his sweeping social and economic agenda Wednesday, as they began hashing out details of an $3.5 trillion tax and spending agreement that marks a crucial step forward for his plan. Read story → |
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| | | By Kenneth P. Doyle 3 min read | Democratic leaders want voters in key states to know which party is responsible for the checks Americans with young children are set to start receiving on Thursday. Read story → |
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| | | By Jennifer A. Dlouhy and Ari Natter 2 min read | Senate Democrats are moving to impose tariffs on carbon-intensive imports as a way to help pay for their tax-and-spending legislation, according to one person familiar with the plan. Read story → |
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| | | By Michael Cohn 2 min read | The Israeli technology company is advised by former IRS officials and current PwC execs. Read story → |
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| | | By Andrea Navarro 2 min read | Mexican businessman Miguel Aleman Magnani is residing in France and fighting an arrest warrant in his native country on charges of tax fraud. Read story → |
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| | | By Erik Wasson, Steven T. Dennis and Laura Davison 3 min read | Senate Democrats on the Budget Committee agreed to set a $3.5 trillion top-line spending level for a bill to carry most of President Joe Biden’s economic agenda into law without Republican support, bridging divisions — for now — among some party factions. Read story → |
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| | | By Jeff Stimpson 3 min read | Service with a smell; disclosure expectations; new to us; and other highlights from our favorite tax bloggers. 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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| | | | | | | | | | | | By Benjamin Alarie 4 min read | National tax offices were flooded with more than 500 inquiries a day from their field offices after the 2017 tax law, and a confused response cost some accounting firms clients. What lessons can be learned? Read story → |
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| | | RESOURCES | | | WEB SEMINAR | | Wednesday, July 21, 2021 2:00 PM EDT | Adoption of ASC 842 was challenging enough. No company implemented new lease accounting software expecting to replace it just a couple of years later. But many are doing just that. Learn More → | SPONSOR CONTENT FROM COSTAR | | | WEB SEMINAR | | Thursday, August 12, 2021 2:00 PM EDT | Customers, investors, regulators and other stakeholders’ expectations of bankers are rapidly evolving, and disruptive competitors are targeting our most profitable customers. Learn More → | SPONSOR CONTENT FROM MOODY'S ANALYTICS | | | EBOOK | | | A new survey reveals which changes accounting firms made to their businesses in 2020—and which will be permanent. Download Now → | SPONSOR CONTENT FROM RIGHT NETWORKS | More resources → |
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