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 president described the passage of the bill a direct response to voters who handed his party defeats in state elections last week.
November 7
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Some countries are already taxing greenhouse gas emissions, but the U.S. is not likely to follow suit anytime soon.
November 5
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There were last-minute changes on modifying the SALT deduction and a provision allowing Medicare to negotiate drug prices.
November 5
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The $1.75 trillion package marks a dramatic shift toward boosting support for families with children.
November 5
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Where there’s smoke; FedEx con; the bank of me me me; and other highlights of recent tax cases.
November 4
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The service lifted the limit from $19,500 as part of its annual inflation adjustments.
November 4
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Congressional Democrats floated fresh proposals on how to increase the federal deduction on state and local taxes, but House and Senate lawmakers were at odds over whether the very rich should be allowed to take the tax break.
November 4
