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.
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The American Institute of CPAs is asking the Treasury and the IRS for further guidance on the rules for deducting domestic research and development expenses.
February 20
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Citing Congress' authority to levy taxes and tariffs, the Supreme Court ruled against President Trump's sweeping tariffs in a landmark 6-3 decision.
February 20
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The U.S. Supreme Court ruling undercuts Trump's signature economic policy and delivers his biggest legal defeat since he returned to the White House.
February 20
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No-brainer; kicking back; up against the wall and other highlights of recent tax cases.
February 19
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President Trump has been given a deadline of next week to respond to claims that his $10 billion lawsuit against the IRS poses a glaring conflict of interest.
February 19
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If you have business clients who are considering changing their LLCs or C corporations into S corporations, now is a great time to discuss the pitfalls.
February 19
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The IRS handed out a hefty tax break to large corporations, ensuring that President Trump's lucrative R&D deduction doesn't increase their tax bills.
February 19
