| By Roger Russell 3 min read | Taxpayers won't be able to recover previously paid Medicare taxes and NIIT. Read story → |
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| | | By Roger Russell 6 min read | The IRS, tax preparers and taxpayers all scrambled to keep up with a rapidly changing situation this year. Read story → |
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| | | By C. Wells Hall III, Drew Hermiller 4 min read | The near doubling of the capital gains tax rate would have a large impact on the net profit from any sale of any capital asset. Read story → |
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| | | By Roger Russell 6 min read | Practitioners have plenty of time to advise clients on multiple savings opportunities. Read story → |
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| Get twice as many returns out the door with SafeSend Returns. This single solution increases workflow efficiency, elevates client service, and mitigates risk, all while driving down the total cost of delivering completed tax returns. LEARN MORE → |
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| | | By Laura Davison and Genevieve Douglas 2 min read | The service is gearing up for a potentially massive tax-enforcement push if Congress passes a plan including $40 billion to expand audits on the wealthy. Read story → |
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| | | By Michael Cohn 3 min read | The service released a Data Book Thursday highlighting its work this past fiscal year, particularly in response to the pandemic. Read story → |
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| | | By Michael Cohn 13 min read | The Internal Revenue Service is focusing on cryptocurrency tax evasion with virtual currencies like Bitcoin and nonfungible tokens, employing data analytics to uncover transactions that crypto users assumed were hidden. Read story → |
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| | | By Michael Cohn 3 min read | Congress reintroduced legislation to prevent abuses of a tax break that’s supposed to protect public lands, but is often used as a tax shelter. Read story → |
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| | | By Michael Cohn 4 min read | Sustainability reporting standards, as well as assurance services to verify that reporting, vary widely across jurisdictions and individual practitioners and require better standardization. Read story → |
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| | | By Daniel Hood 3 min read | There are a lot of things people don’t know about the profession, and that needs to change. 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 | | Tuesday, July 13, 2021 2:00 PM EDT | Get a head start on next tax season by learning what types of planning might be in store for you and your clients heading into 2022, including a review of all COVID-19 relief provisions, the SECURE Act and the CARES Act. Learn More → | SPONSOR CONTENT FROM WOLTERS KLUWER | | | REPORT | | | An easy guide for Financial Controllers to achieve and maintain compliance with GASB 87. Learn More → | SPONSOR CONTENT FROM EZLEASE | | | REPORT | | | An overview for achieving and maintaining compliance with the ASC 842 lease accounting standard. Learn More → | SPONSOR CONTENT FROM EZLEASE | More resources → |
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