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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Companies that have thought about the tax implications of a spin-off should also consider the implications for the tax function itself.
August 4
Deloitte Tax LLP -
Included in the $433 billion Inflation Reduction Act is a 10-year production tax credit for nuclear energy producers.
August 4
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The Senate Democrats' tax, climate and drug-price bill would reduce federal deficits.
August 4
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Michigan Democratic Senator Debbie Stabenow is pushing for last-minute changes to stringent new electric-vehicle tax-credit limits in her party's tax and spending deal amid a pressure campaign from the auto industry.
August 4
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The Arizona Democrat, a pivotal vote in the Senate, is asking to drop a provision from the bill that would scale back a tax break for fund managers, known as carried interest.
August 4
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Declining GDP, inflation surges and labor shortages and supply chain disruptions had deepened economic worries.
August 4
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Legislation introduced by a mix of Republicans and Democrats would exempt the firms from being considered cryptocurrency "brokers."
August 3
