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 tax credits now helping underwrite many electric vehicle purchases are top targets if Republicans win the White House or strengthen their grip on Capitol Hill in November.
February 7
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Taxpayers will benefit from a reduced top marginal rate in 13 states, but in two states the rate has increased.
February 7
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Avoidance above all; conferences to attend; creeping brackets; and other highlights from our favorite tax bloggers.
February 6
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The Internal Revenue Service revised its frequently asked questions on the Form 1099-K to alleviate confusion this filing season.
February 6
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A new analysis forecasts a higher return on investment from the Inflation Reduction Act of 2022, but only if the funding isn't reduced.
February 6
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The Senate may not get to the Tax Relief for American Families and Workers Act soon enough to impact returns.
February 6
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And what to do if your client hasn't received their abatement from the IRS.
February 6
