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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Having the White House, House and Senate all in control of the same party increases the likelihood that major tax legislation can be agreed upon.
December 17
Wolters Kluwer Tax & Accounting -
Final regulations on clean energy partnership credits, raised 401(k) limits and more from the Internal Revenue Service in November.
December 17
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Mayor Brandon Johnson is reversing his plan to raise property taxes by offering to use some bond refinancing savings and defer a loan repayment.
December 16
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The Inflation Reduction Act extended the tax incentives for clean energy development project developers, and the new rules add more clarity.
December 13
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The president-elect vowed to lower the corporate rate to 15% from 21% and is talking with his advisors about cutting levies on capital gains and dividends.
December 13
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Sanjay Shah was sentenced to 12 years in prison, the heaviest jail term handed down so far in Europe's sprawling Cum-Ex trading scandal.
December 13
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A new analysis from the Committee for a Responsible Federal Budget warns that extending the expiring tax cuts could do almost nothing to grow the economy.
December 13
