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 Supreme Court declined to review a New York-led constitutional challenge to the $10,000 cap on state and local tax deductions imposed by Congress in the 2017 tax law.
April 18
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The Internal Revenue Service is renewing its call for extra money in its budget Monday as it closes out a challenging tax season.
April 18
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Tax season ends today and some of you can rest well tomorrow after concluding a successful tax season. However, some of you won’t be resting easy because you had a lousy tax season.
April 18
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Audits of high-net-worth filers require more time and expertise, and the agency’s underfunding has led to a significant loss of personnel capable of performing those.
April 18
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The 2022 tax season, predicted by some to be a perfect storm, is coming to a close with barely a stiff wind.
April 17
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The First Couple reported $610,702 in income in 2021 and paid $183,925 in federal and state income taxes, according to their annual tax return released Friday by the White House.
April 17
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The Magic is gone; rent to scam; imprecision; and other highlights of recent tax cases.
April 14
