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 Internal Revenue Service's plan under the Biden administration to audit high-income taxpayers appears less likely after staffing and budget cuts.
July 14
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The Big Four firm has acquired certain assets of boutique firm Trust Processing Solutions, based in Cincinnati.
July 14
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CPAs play a crucial role in helping property owners maximize their profits through advanced tax strategies.
July 14
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The president's signature tax law allows a long-standing business deduction for the cost of food provided to employees to expire.
July 14
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The sweeping $3.4 trillion fiscal package is already creating opportunities for segments of the energy and climate industries that had fallen out of favor.
July 14
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The Senate passed a bipartisan bill that would provide tax-filing relief for taxpayers in states that have issued state-level disaster declarations, sending the bill to President Trump for his signature.
July 11
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Underhanded underground; down on the farm; reality check; and other highlights of recent tax cases.
July 10
