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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Toxic pollutants; fabricated gambling winnings and losses; financial shortfalls; and other highlights of recent tax cases.
September 11
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Advisors can leverage the updated opportunity zone program, starting in January, to help ultrahigh net worth clients defer capital gains.
September 11
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The projected U.S. tax rates give tax professionals an early look at potential adjustments that could affect their 2027 tax planning for their clients.
September 11
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Interior Secretary Doug Burgum pointed to "trillions of dollars" in foreign investment, along with lower taxes and fewer regulations, as potential sources.
September 11
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A federal appeals court upheld a lower court order preventing the IRS from sharing massive amounts of taxpayer data with Immigration and Customs Enforcement.
September 10
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Senator Ted Cruz said he expected lawmakers to discuss the deficit impact and suggested it would be better structured as a tax refund with work requirements.
September 10
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New York is considering a $100 million property tax break for a new Hudson Yards skyscraper proposed by developer Tishman Speyer.
September 10
