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 American Institute of CPAs is asking for more flexibility for taxpayers who wish to claim tax deductions for overtime and tip income under the OBBA.
October 21
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Anrok Inc., a startup helping software companies automate sales tax compliance, has raised $55 million in a Series C funding round.
October 21
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Enforcement activity and Tax Court cases are at a standstill, and practitioners should expect backlogs and slowdowns.
October 21
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Small businesses challenging the global tariffs urged the justices to affirm lower court rulings that the import levies amount to a massive tax on companies.
October 21
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The doubling of California's film and TV tax credits to $750 million a year is showing promise in bringing production back to the state.
October 21
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A millionaire levy in Massachusetts has generated $3 billion more in revenue than expected without forcing significant high-profile departures from the state.
October 21
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The One Big Beautiful Bill Act will boost the number of filers who must calculate their AMT. But that doesn't mean they're all going to have to pay it.
October 20
