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 fact that many financial advisors say they do not provide tax planning belies how much value they may add through that service, according to an expert.
October 14
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Notice 2025-55 provides relief in connection with the new excise tax imposed on certain remittance transfers under the One Big Beautiful tax bill.
October 13
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At the Internal Revenue Service, which sits within the Treasury Department, the administration plans to fire about 1,300 workers.
October 12
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Just forgot; no trust at all; Exterior design; and other highlights of recent tax cases.
October 9
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Rev. Proc. 2025-32 from the Internal Revenue Service detailed a number of changes, including a rise in the standard deduction to $32,200 for married couples filing jointly.
October 9
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The Internal Revenue Service is taking steps to make sure taxpayers and tax preparers can reflect OBBBA changes in 2025 tax returns.
October 9
Wolters Kluwer Tax & Accounting -
The remaining 39,870 staff will work on preparing for next year's filing season, modernizing the agency and implementing President Trump's new tax law.
October 8
