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 Section 121 exclusion and the step-up in basis are well known to financial advisors and tax professionals, but their clients will need to plan carefully to net the biggest potential savings.
June 3
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The Washington, D.C., attorney general sued Michael Saylor in 2022, alleging the crypto billionaire had failed to pay more than $25 million in taxes.
June 3
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Where are residents the most giving? Check out this ranking, which tracks the states with the most charitable donations, as well as volunteering and service.
June 3
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Companies retreat to less risky tax strategies when IRS budgets are robust, according to a new study.
May 31
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Trump and his advisors have floated plans — on immigration, trade, taxes and the Federal Reserve — that could significantly alter the current calculus.
May 31
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Bad apples; sham on you; yet another emergency; and other highlights of recent tax cases.
May 30
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If marijuana is reclassified, lots of businesses may want to reconsider their structure.
May 30
