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 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
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E-invoicing is a reality that businesses must grapple with — and not only in the European Union.
December 13
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This will be the first reorganization for the Internal Revenue Service in over 20 years and reflects the new transformation goals underway at the agency.
December 13
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Italy's finance police had claimed that the company owed about €779 million after an audit of the tax years from 2017 to 2021.
December 13
