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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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
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Tax delinquency is increasing among federal government employees as well as retirees, according to a new report.
May 11
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The American Institute of CPAs wants more information on a provision of the One Big Beautiful Bill Act imposing an excise tax on tax-exempt organizations.
May 11
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New York Governor Kathy Hochul is planning to participate in President Donald Trump's controversial federal school choice program.
May 11
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New York officials are trying to give shape to the pied-à-terre tax proposed by Governor Kathy Hochul, with significant questions still unresolved.
May 11
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One of the nation's largest solar installers filed for bankruptcy last month, citing the phaseout of federal tax credits and Trump's executive orders.
May 8
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A divided three-judge panel granted a request by a group of small businesses and two dozen mostly Democrat-led states to invalidate the tariffs.
May 8
