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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Proposed guidance aims to reduce U.S. reliance on China for batteries and minerals.
March 31
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The Biden administration's requirements for electric vehicle tax credits will reduce the number of models eligible for incentives until tens of billions of new investment in U.S. manufacturing by automakers and suppliers kick in.
March 31
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Accounting firms are looking for ways to keep in touch with clients often and to advise them as much as they can, and payroll is a high-touch service that can accomplish this.
March 31
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Long-awaited proposed guidance gives details on the new tax credits for electric vehicles under the Inflation Reduction Act.
March 31
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Plus, GBS Tax and Bookkeeping rebrands as Cleer Tax and Bookkeeping; ITA looks for new president; and other news from the accounting tech world.
March 31
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The majority of the service's extra funding from the Inflation Reduction Act is currently dedicated to improving tax enforcement to collect more revenue.
March 30
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The Internal Revenue Service issued a revenue ruling that aims to prevent abuse of stepped-up basis adjustments in irrevocable grantor trusts.
March 30
