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 agency also saw a more than 1% jump in the total number of tax returns received and processed.
October 28 -
The Internal Revenue Service is proposing to remove the domestic corporation look-through rule for real estate investment trusts controlled by foreign investors.
October 27 -
The Internal Revenue Service is confronting a daunting array of management and performance challenges in fiscal year 2026, according to a new report.
October 27 -
A well-structured written information security plan is essential for complying with federal and state regulations, maintaining client trust and upholding professional credibility.
October 27
Ace Cloud Hosting -
The National Taxpayers Union Foundation is asking the Internal Revenue Service to modify the proposed regs for the "no tax on tips" part of the One Big Beautiful Bill Act,
October 24 -
U.S.-based oil and gas giants like ExxonMobil, Chevron and Conoco Phillips are paying billions of dollars more in taxes in other countries.
October 24 -
Fact Sheet 2025-08 goes into detail regarding the dollar threshold for filing Form 1099-K under the One, Big, Beautiful Bill Act.
October 24





