Journal of Accountancy » Tax
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The latest tax news and insights from the Journal of Accountancy, the ultimate resource for today's CPA. The Journal of Accountancy is the flagship publication of the American Institute of Certified Public Accountants. Our thought-provoking articles and features provide insight and practical, expert analysis of critical topics affecting the accounting profession, including auditing,..
Journal of Accountancy » Tax
22h ago
In addition to the guidance on the plan, the letter recommends that Treasury and the IRS continue pursuing tax simplification ..read more
Journal of Accountancy » Tax
22h ago
Commissioner Danny Werfel said the successful pilot program of Direct File encouraged the IRS to make the program available in all states and the District of Columbia ..read more
Journal of Accountancy » Tax
22h ago
The IRS said it agrees with the six recommendations from the Government Accountability Office to eliminate the bias ..read more
Journal of Accountancy » Tax
22h ago
A comprehensive exploration of the latest IRS data provides insights into compliance, revenue collection, and criminal activities ..read more
Journal of Accountancy » Tax
22h ago
The Tax Court denies an incarcerated taxpayer’s arguments to the contrary ..read more
Journal of Accountancy » Tax
1w ago
The IRS was required to reduce the charge for preparer tax identification numbers after a federal court found the previous amount excessive. The final regulations adopt the text of interim final and proposed regulations issued in 2023 without change ..read more
Journal of Accountancy » Tax
1w ago
The IRS said scams involving the fuel tax credit, the sick and family leave credit, and household employment taxes led thousands of taxpayers to file inflated refund claims ..read more
Journal of Accountancy » Tax
3w ago
The IRS on Tuesday provided a comprehensive list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13 apply. The list includes 21 changes described as significant ..read more
Journal of Accountancy » Tax
3w ago
Building on busy season’s lessons learned, CPAs can turn to optimizing performance going forward ..read more
Journal of Accountancy » Tax
3w ago
The Tax Court rebuffs the taxpayer’s argument that the Sec. 4973 tax is actually a penalty ..read more