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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New notices and a new FAQ clarify some of the provisions of the Inflation Reduction Act for qualifying for the Clean Vehicle Credit.
December 29
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A new FAQ from the IRS on the Clean Vehicle Credit suggests some flexibility on rules requiring the cars to be made in North America.
December 29
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Villa Ripoff; school's really out; indictment to Injury; and other highlights of recent tax cases.
December 29
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The service upped the rate for business use, but left medical, moving and charitable rates the same.
December 29
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The list of potential roadblocks is relatively short — and just got shorter.
December 29
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The Inflation Reduction Act introduced new requirements to receive larger credit amounts for many of the extended and new clean energy credit and deduction provisions.
December 29
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Fact Sheet 2022-41 now reflects the decision to move back the switch to a much lower reporting threshold.
December 28
