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 House Freedom Caucus suggested Congress pay for emergency aid to Israel by repealing the IRS expansion, among other possibilities.
February 5
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Two bills in Massachusetts this year would target Harvard's endowment and its policy of admitting legacy applicants.
February 2
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Mule the merrier; cashing out; going for the gold; and other highlights of recent tax cases.
February 1
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AICPA chief Barry Melancon discussed the tax extenders bill that's working its way through Congress, and a host of other issues affecting the accounting profession.
February 1
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Republican attorneys general from 13 states have signed a letter denouncing the IRS pilot of a Direct File system, calling efforts unconstitutional.
February 1
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The measure now heads to the Senate where lackluster Republican support threatens to sink it.
February 1
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The House passed tax extenders legislation that revives the enhanced Child Tax Credit, the ability to fully deduct R&D expenses in the first year, 100% bonus depreciation, disaster tax relief, and more.
January 31
