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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Residents with high earnings in these 20 states get a bigger break on their taxes, paying a smaller percentage of their income.
June 18
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The Internal Revenue Service and the Treasury Department issued guidance answering questions related to educational assistance programs.
June 17
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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
