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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The leaders of President-elect Donald Trump's "Department of Government Efficiency" discussed creating a new way for Americans to file their taxes.
November 20
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For individuals, the overpayment and underpayment rate will be 7%.
November 20
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Fighting scope creep; QCDs as the year ends; advising ministers; and other highlights from our favorite tax bloggers.
November 19
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CPAs must navigate conflicts of interest, transparency, and confidentiality while representing clients in IRS negotiations.
November 19
Advanced Tax Solutions -
The Treasury Inspector General for Tax Administration has launched a social media campaign, even as the Senate is vetting its next head.
November 19
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If the incoming Trump administration eliminates the $7,500 federal tax credits for electric vehicles, that would mean the end of popular leases.
November 19
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House Speaker Mike Johnson said Donald Trump's plan to end income tax on tips would have to be paid for, injecting a note of caution into one of the president-elect's key campaign pledges.
November 18
