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 growing fixed-income products carry some risks, but their returns this year are attracting more financial advisors and their clients, according to experts.
June 17
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Donald Trump's new proposal to exempt tips from taxation would add between $150 billion to $250 billion to the federal budget deficit over 10 years, a budget watchdog group forecast on Monday.
June 17
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The Internal Revenue Service is setting up a new unit to target the use of basis shifting between related parties as a way for partnerships to avoid paying taxes.
June 17
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The Supreme Court asked the solicitor general to weigh in on whether a Pennsylvania tax case has federal ramifications.
June 14
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For tax pros, the IRS is also hosting recruiting events at its Nationwide Tax Forums.
June 14
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If you have clients with employees in more than one state, they must pay attention to the payroll-related rules and tax responsibilities in the states where those staff live and work.
June 14
CorpNet.com -
Donald Trump promised CEOs he would lower the corporate tax rate to 20%, further reducing the income levy on the largest U.S. companies that he already slashed while president.
June 14
