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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Breakaway Advising -
Ultimate frisbee team; sham sale; abusive trust; and other highlights of recent tax cases.
June 11
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The number of private tax-advantaged foundations and the amount of assets contained in them has reached nearly $2 trillion, even as the administration considers imposing new taxes.
June 11
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Some state lawmakers are introducing tax legislation targeting the growing use of artificial intelligence, according to a new report.
June 11
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AI and automation can streamline R&D work but cannot replace professional judgment or Circular 230 due diligence.
June 11
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Individual tax withholdings plus Social Security and Medicare taxes collected increased to $286 billion in May from $247 billion last year, while corporate tax receipts were down 67%.
June 11
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The agreement to settle Trump's case against the IRS included a bar against audits of past tax filings by him, his family members, businesses and other government investigations.
June 11
