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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Right now, cannabis businesses operating legally under state law still can't deduct basic costs like rent, salaries or marketing.
January 7
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Under a proposed ballot initiative in California, billionaires would face a one-time 5% levy to cover funding shortages for health care, food assistance and education.
January 7
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The tax shield on student loan forgiveness has expired. Here is how advisors can help clients lower their burdens.
January 6
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Impacted taxpayers have until May 1 to file tax returns and make payments.
January 6
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Rhode Island Governor Dan McKee is warming to the idea of a tax on the wealthy as one way to bolster the state's resources after a particularly turbulent year for its economy.
January 6
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After a year of rolling policy shocks, the U.S. economy is set to get a lift from President Trump's tax-cuts package to keep the expansion on track in 2026.
January 5
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The U.S. and more than 100 other countries finalized an agreement that would exempt American companies from some foreign taxes.
January 5
