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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In a narrow holding, the Supreme Court upheld the provision, but emphasized that the ruling did not have broader implications.
June 25
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When you announce the new tax season to your clients, let them know it's a new benefit you're offering.
June 25
L&H CPAs and Advisors -
The Internal Revenue Service issued an unusual public apology to the hedge fund manager for failing to protect his confidential tax data from being stolen and leaked to the media by a contractor now in prison.
June 25
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Middle-class residents in these states pay a smaller percentage of their paychecks to taxes.
June 25
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Sen. Bernie Sanders and Ed Markey are introducing legislation to impose a 95% windfall tax on the excess profits of large corporations that are overcharging for products.
June 24
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The Internal Revenue Service switched over from focusing its audits on taxpayers earning $10 million or more to those earning $400,000 or more after passage of the Inflation Reduction Act.
June 24
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Many plan participants told the U.S. Government Accountability Office they didn't understand their four main options — or the potential tax consequences.
June 24
