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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Sinema has expressed opposition to ending the carried-interest tax break used by private equity and hedge fund managers to lower their tax bills.
August 1
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Some very important work is often given to an entry-level person instead of a much more experienced accountant.
August 1
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The legislation would reinstate and increase a long-lapsed tax on crude and imported petroleum products to 16.4 cents per gallon.
August 1
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Democrats are seeking to pass the bill this week in the Senate and in the House next week.
August 1
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Earnings in these accounts aren’t taxed unless a distribution exceeds a designated beneficiary’s qualified disability expenses.
July 29
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A minimum corporate tax rate wouldn’t spark higher consumer prices, according to the senator.
July 29 -
For EVs to qualify, their batteries will need to contain minerals extracted from or processed in a country the U.S. has a free trade agreement with, and a portion of components to be manufactured or assembled in North America.
July 29
