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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No more paper checks; death and tax debt; the perfect time to onboard software; and other highlights from our favorite tax bloggers.
May 20
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The bill would levy a 5% tax on remittances for noncitizens and foreign nationals, on top of a roughly 5% to 10% fee already charged on the payments.
May 20
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In a private meeting, Trump singled out the lawmakers from New York, New Jersey and California who have rejected the $30,000 deduction limit.
May 20
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With the number of extensions, many practitioners are seeing tax season continue through the summer and fall.
May 20
Wolters Kluwer Tax & Accounting -
The U.S. Government Accountability Office created a list of questions for policymakers' oversight of the energy tax expenditures in the 2022 Inflation Reduction Act.
May 19
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The American Institute of CPAs is asking accountants to call on congressional representatives to stop "unfair targeting" of pass-throughs like CPA firms.
May 19
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The vote in the House Budget Committee paves the way for passage of the legislation as soon as Thursday,
May 19
