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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New York City Mayor Zohran Mamdani has ditched his plan to raise New Yorkers' property taxes, an unpopular measure he threatened to use to help close a deficit.
May 12
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Individual and corporate tax receipts dropped in the wake of President Donald Trump's signature tax cut legislation.
May 12
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Speaker Mike Johnson called suspending the federal gas tax "an intriguing idea" but didn't commit to a timeline as momentum builds in both chambers to take action.
May 12
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The Top 100 Firm acquired a Miami-based firm that specializes in international tax consulting, estate and trust matters, and tax planning.
May 12
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A federal gasoline tax holiday as proposed by President Trump would result in billions of dollars in lost tax revenue each month, budget analysts say.
May 12
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President Donald Trump voiced support for a gasoline tax holiday to counter rising prices at the pump, as the cost of oil soars while the war with Iran drags on.
May 11 -
Tax delinquency is increasing among federal government employees as well as retirees, according to a new report.
May 11
