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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Some state lawmakers are introducing tax legislation targeting the growing use of artificial intelligence, according to a new report.
June 11
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AI and automation can streamline R&D work but cannot replace professional judgment or Circular 230 due diligence.
June 11
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Individual tax withholdings plus Social Security and Medicare taxes collected increased to $286 billion in May from $247 billion last year, while corporate tax receipts were down 67%.
June 11
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The agreement to settle Trump's case against the IRS included a bar against audits of past tax filings by him, his family members, businesses and other government investigations.
June 11
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Local governments in Florida will face "greater credit pressure" if voters OK a plan to largely eliminate property taxes on over half of homes in the state.
June 11
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Here are 10 tactics for transforming your client's return from a compliance document to a planning and business development tool.
June 10
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For years, many accountants approached 831(b) micro-captive insurance plans with caution, if not outright avoidance. The reason was understandable.
June 10
SRA 831(b) Admin
