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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A dispute the singer sought to turn into a public indictment of inspectors' practices is set to be thrust back into the limelight.
July 20
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A windfall in corporate profits for the largest banks has led to billions in extra tax revenue for New York City, shrinking the city's budget shortfalls.
July 17
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Shakira's fight with Spain's tax agency is set to head to the country's highest court after authorities challenged an earlier ruling in the singer's case.
July 17
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The former IRS contractor pleaded guilty to stealing Trump's tax data and leaking it to the New York Times before the 2020 election.
July 17
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Clients with concentrated stock holdings might be better off turning their portfolios into ETFs in a tax deferral transaction called a Section 351 conversion.
July 17
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Back-to-school haircuts; two revenue books; voluntary surrender; and other highlights of recent tax cases.
July 16
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The Internal Revenue Service has raised the optional 2026 standard mileage rates for deducting expenses for the remainder of the year thanks to inflation.
July 16
