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 Treasury Department canceled $21 million in contracts, alleging the consulting firm failed to protect taxpayer data, including President Trump's tax returns.
January 26
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The Internal Revenue Service officially opened tax-filing season amid changes from the One Big Beautiful Bill Act and the threat of another government shutdown.
January 26
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States generally assert taxing authority over income based on two core principles: residency and source.
January 26
Carlos Contábil -
'Cautious optimism' is the watchword for this tax season — but there's still plenty tax practitioners can do to make it run smoothly.
January 25
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The Internal Revenue Service and the Treasury released a set of questions and answers on the new deduction for overtime pay under the One Big Beautiful Bill Act.
January 23
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Plus, Schneider Downs Digital launches AI finance companion; Ramp introduces live budget tracking; and other accounting tech updates.
January 23
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The OBBBA reshaped several baseline assumptions for 2026 planning around state and local tax, above-the-line deductions and updated inflation adjustments.
January 23
