Tax
Tax News & IRS Insights for Accounting Professionals
Accounting Today delivers news and analysis for accounting and tax professionals on federal and state tax developments, IRS guidance,information reporting, and operational implications for practices and clients. Our coverage focuses on legislative and procedural shifts that tax practitioners must monitor in planning, compliance, and advisory contexts.
-
The deal that led the House to increase the maximum deduction for state and local taxes to $40,000 is not set in stone in the Senate.
June 4
-
Prospects for an even more dire U.S. fiscal trajectory threaten to stoke concerns about the bill among GOP fiscal hawks.
June 4
-
Senate Republican Leader John Thune has been a vocal critic of the 40% estate tax paid by the wealthiest U.S. individuals when they die.
June 4
-
The Treasury Inspector General for Tax Administration's latest report to Congress includes successes and failures at the IRS.
June 4
-
The Internal Revenue Service's new Data Book shares a host of positive results from last year.
June 4
-
Notice 2025-27 from the IRS offers an optional method for determining an applicable corporation for the corporate alternative minimum tax.
June 3
-
Conquering tariffs; bracing for notices; FBAR penalty timing; and other highlights from our favorite tax bloggers.
June 3
