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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Democrats risk settling for a less generous expansion of the state and local tax deduction than previously hoped after President Joe Biden conceded that lawmakers will have to scale back his economic agenda to get it enacted.
October 5
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Biden informed Democrats that a separate infrastructure bill would need to wait until the social welfare and tax package was complete.
October 5
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Policies held in grantor trusts would be subject to estate tax under Democrats’ plan, the latest blow to wealth management for the affluent.
October 4
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The new Tax Forum topics reflect headline issues.
October 4
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TCS Group founder Oleg Tinkov pleaded guilty in a 2013 case that accused him of concealing assets.
October 4
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An unprecedented leak has revealed the offshore financial assets of dozens of current and former world leaders and hundreds of politicians.
October 4
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House Speaker Nancy Pelosi is giving lawmakers until Halloween to strike a deal.
October 4
