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 new Automatic Exemption from Penalty process aims to provide relief for taxpayers with a history of usually filing and paying their taxes on time.
July 8
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The protection against probes of past tax filings was part of a settlement in which Trump agreed to drop a $10 billion lawsuit he filed against the IRS.
July 8
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Jordan's Revenge; generative AI; faulty assumptions; and other highlights from our favorite tax bloggers.
July 7
Matters Editorial -
Athletes from countries across the globe competing in the World Cup may be going home with an unwelcome prize this year: a hefty tax bill from the United States.
July 7
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A three-day hearing on the U.S. Trade Representative's latest plan to impose tariffs on major trading partners kicks off in Washington on Tuesday.
July 7
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The federal scholarship tax credit is set to take effect on Jan. 1, 2027, with proposed regulations expected by the end of September.
July 6
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The Trump administration is touting its tax-advantaged investment accounts, but critics say the accounts may only reach those who are already set in life.
July 6
