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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Employees were asked to offer up their own tax returns as training data for the company's Grok chatbot, promising a $420 payment as incentive for doing so. Two months later, those payments still haven't materialized.
May 18
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The amount of the fund is set at $1.776 billion, an apparent reference to the year 1776 and the creation of the U.S.
May 18
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The American Institute of CPAs sent a list of nearly 200 recommendations to the Internal Revenue Service for the IRS's 2026-2027 Priority Guidance Plan.
May 15
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Plus, Xero announces XeroForce custom AI agent builder; Emburse releases new AI purchasing agent; and other news and updates from the accounting tech world.
May 15
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California Governor Gavin Newsom is proposing a new tax on cloud-based software sales, turning to the technology sector for billions of dollars in new revenue.
May 15
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The proposed tax would be levied at 1% of the purchase price and would be paid by the buyer.
May 15
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Ghost payroll; non-existent businesses; save you from paying; and other highlights of recent tax cases.
May 14
