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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Senator Marco Rubio, R-Fla., has introduced legislation to exempt U.S. Olympic medal winners from paying taxes on the medals that they win.
August 2 -
The House voted Wednesday to approve a Republican-sponsored bill to extend the current tax rates for all income levels for an additional year, rejecting the Democratic alternative passed by the Senate last week that would have only extended the tax cuts for household incomes under $250,000 a year.
August 1 -
A Senate committee held a hearing Wednesday to discuss legislation requiring Internet retailers to charge their out-of-state customers sales taxes.
August 1 -
The Senate Finance Committee held a hearing Wednesday on tax reform and the tax treatment of different business entities such as pass-through S corporations and C corporations.
August 1 -
Now that it's constitutional, what does the Affordable Health Care Act mean?
August 1 -
Odds have now turned against those hoping that the health care law passed in 2010 will "just go away."
August 1 -
If youre an Olympic gymnast and you fail to do all of the moves in a compulsory routine, youre subject to a mandatory deduction. Does the same thing apply to tax deductions?
August 1
