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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About $222.2 billion of the increase on businesses will come from a new corporate minimum tax that requires companies with at least $1 billion in profits to pay a minimum of 15%.
August 10
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The wording has changed from "virtual currencies" to "digital assets" in general, and there are other changes too.
August 9
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The U.S. Court of Appeals for the District of Columbia Circuit rejected Trump's appeal of a lower court's ruling.
August 9
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Draft of the new 1040; the rich get caught, too; how to speak accounting; and other highlights from our favorite tax bloggers.
August 9
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The agency hopes tax pros can use the document as a template for their own cybersecurity.
August 9
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House Democrats who had threatened to block President Biden's tax and climate plan unless it also expanded the deduction for state and local taxes are signaling they'll back the legislation.
August 9
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Despite what the wealth management industry suggests, some investors benefit more from the popular strategy than others.
August 8
