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 Treasury is providing additional guidance on the corporate alternative minimum tax for billion-dollar companies.
December 15
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The new deduction rates apply to electric and hybrid vehicles, as well.
December 15
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Tea merchants in both the U.S. and the U.K. continue to face tax problems, while stopping short of dumping their tea into Boston Harbor.
December 15
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The U.S. has spelled out new rules for tax credits manufacturers can receive for domestically producing parts necessary for the energy transition — and there's a clear divide for miners and processors.
December 14
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The Financial Accounting Standards Board issued an accounting standards update aimed at improving income tax disclosures from companies.
December 14
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High-stakes Treasury guidance for claiming hydrogen production tax credits has drawn the ire of Senator Joe Manchin.
December 14
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Amazon said the ruling confirms that it "followed all applicable laws and received no special treatment."
December 14
