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 guidance gives renewable energy companies more time to develop projects that were delayed by COVID-19.
June 29
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The House introduced bipartisan legislation Tuesday to provide tax deductions for timber growers to recover from the loss of forests.
June 29
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The near doubling of the capital gains tax rate would have a large impact on the net profit from any sale of any capital asset.
June 29
Nelson Mullins -
Taxpayers won't be able to recover previously paid Medicare taxes and NIIT.
June 29
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It’s counterintuitive, but the cash benefit of delaying payouts can outweigh rate increases, thanks to compounding over time.
June 29
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The Senate GOP Leader wants to head off an effort to use a fast-track process to pass a Democrat-only bill with trillions in spending and tax hikes on the wealthy.
June 29
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An influential group that sets tax-reporting standards for major commodities suppliers will meet to discuss removing the company's representative from its board.
June 29
