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 early draft instructions respond to comments the IRS received from last summer's draft instructions.
June 30
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The administration is aiming at trusts — particularly dynasty trusts, vehicles that wealthy families can use to benefit multiple generations of descendants.
June 30
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The justices declined to hear a case from a group of Colorado dispensaries challenging the service's ability to investigate them.
June 30
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The private equity industry is trying defend a cherished tax break that Democrats have targeted for elimination.
June 30
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A proposed global minimum corporate tax would undermine the incentive for multinationals to set up shop on storm-prone islands.
June 30
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A rare show of bipartisan unity unfolded Tuesday, with 18 lawmakers making the case for an expansion of the state and local tax deduction.
June 30
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Better enforcement; for fans of tax crime; partner sabbaticals please; and other highlights from our favorite tax bloggers.
June 29
