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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Donald Trump is taking the Fifth as he sits for a deposition on a probe into potentially fraudulent valuations.
August 10
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More than half of U.S. states are using record budget surpluses to fund their biggest collective tax break in decades.
August 10
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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
