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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Scheme over, good buddy; what a load of bullion; and other highlights of recent tax cases.
January 4
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The bipartisan bill aligns the deadline for claiming prior-year refunds or credits with the extended filing period granted to taxpayers hit by natural disasters.
January 2
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The tax deduction applies to new cars assembled in the U.S. purchased from 2025 through the end of 2028.
January 2
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From the decline of the 150-hour rule to staff cuts at the IRS and the ongoing impact of PE, the last 12 months have been very busy for the profession.
December 31
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The proposed regulations relate to the new deduction for interest paid on vehicle loans incurred after Dec. 31, 2024, to purchase new made-in-America vehicles for personal use.
December 31
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Just dropping that tax return off at your local post office may no longer be proof that you met the deadline.
December 31
