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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Tax cuts could help soften the tariffs' impact on the economy, and allies would ideally like to pass a bill by July — though there are plenty of hurdles.
March 11
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The total lifetime tax amount in the highest-paying state is $755,493.
March 11
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UBS France retaliated against its former auditor by sidelining him and refusing to promote him to executive director after he disclosed information to bosses.
March 10
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The bill would claw back $20.2 billion in spending for the IRS passed as part of President Joe Biden's signature green-energy Inflation Reduction Act.
March 10
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The American Institute of CPAs is monitoring the situation at the IRS amid reports of heavy layoffs, stressing the need to maintain services during tax season.
March 7
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Everyone knows tax pros don't make mistakes, but it can't hurt to doublecheck for these mistakes before filing.
March 7
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Tax pros' worries about the impact of Elon Musk's Department of Government Efficiency on the Internal Revenue Service include increased fraud and filing delays.
March 7
