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 Inflation Reduction Act has highlighted the perpetual tension within the agency between helping taxpayers and auditing them.
August 23
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There are several key strategic considerations for the in-house practitioner to put their company in a strong position to resolve a tax dispute.
August 23
Chamberlain Hrdlicka -
Most studies showing "tax alpha" through tax-loss harvesting assume investors are already rich, taxed in the highest brackets and flush with short-term capital gains.
August 23
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The proposed update aims to improve the accounting and disclosures for investments in tax credit structures.
August 22
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The bill would force the rich to declare their assets at current value, unlike the old law, which allowed them to report assets at their original purchase price.
August 22
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The Empire State is expanding a tax break that allows smaller companies to circumvent the $10,000 limit on state and local tax deductions.
August 19
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To expand the affordability of energy-efficient vehicles for U.S. consumers, the law made changes to the tax credit for all-electric cars and hybrid plug-ins.
August 19
