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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Delivering an invoice for any service, including a tax audit, is a marketing activity, and it cannot be assumed that the client understands the value.
January 13
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The tax incentive that took effect on Jan. 1 is part of President Joe Biden's signature climate law, the Inflation Reduction Act.
January 13
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Trump has expressed interest in reviewing options for adjusting the cap on the state and local tax deduction but is not currently advocating for a specific fix.
January 13
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Some related-party 'basis shifting' arrangements are now considered 'transactions of interest' per the IRS's final regulations.
January 10
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Proposed new rules were issued for the tax credit for qualified commercial clean vehicles, along with guidance on claiming tax credits for clean fuel.
January 10
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The proposed regulations involve provisions of the SECURE 2.0 Act, including auto enrollment in 401(k) and 403(b) plans, and the Roth IRA catchup rule.
January 10
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Newly expanded and improved tools will be available when tax season kicks off this month.
January 10
