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 prime minister quit after a brief and chaotic tenure that saw her announce a massive package of tax cuts before unwinding most of it in the face of a market rout.
October 20
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Inflation adjustments to tax brackets mean many Americans will owe less money to the IRS. But persistent inflation may erode the boost.
October 19
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Hyundai Motor Co. and the South Korean government are ratcheting up lobbying to loosen restrictions that Senator Joe Manchin fought to include in this year's U.S. climate law.
October 19
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The IRS has given cryptocurrency holders a bit more clarity about how to report digital assets on their 1040 income tax forms.
October 19
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More than 60 tax provisions are going up, according to Rev. Proc. 2022-38.
October 18
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Rettig speaks; FASB on crypto; going public; and other highlights from our favorite tax bloggers.
October 18
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More and more, these assets are becoming embedded in the world's financial systems.
October 18
