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 IRS's Criminal Investigation unit issued a fraud alert warning about scammers who are targeting cryptocurrency holders with convincing fake IRS letters.
July 30
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The Senate Finance Committee voted nearly unanimously to approve a wide-ranging bipartisan tax administration bill aimed at improving operations at the IRS.
July 30
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Mayor Zohran Mamdani defended the rollout of a new tax on highly valued second homes in New York City, saying only property owners who receive a letter from city officials will be impacted by the levy.
July 30
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By coordinating with a client's other financial professionals, such as lawyers and accountants, financial advisors have the potential to deliver even more value.
July 29
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Democrats on the Senate Finance Committee plan to introduce an amendment prohibiting President Trump's audit immunity deal with the IRS during a markup hearing.
July 29
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The Internal Revenue Service is highlighting the role of tipsters in exposing tax fraud and helping it recover unpaid taxes and strengthen tax compliance.
July 29
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Cornyn and another GOP holdout, Senator Thom Tillis, want written changes to alter Trump's settlement with the IRS over leaks of his tax information in 2019.
July 29
