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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Stephen Schwarzman said the risk of an increase in U.S. capital gains taxes has led to explosive growth in potential targets for his alternative investment firm.
June 23
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Senate Budget Committee Chairman Bernie Sanders is proposing to partially revive the federal deduction for state and local taxes in an draft outline of a budget resolution designed to fast-track much of President Joe Biden’s economic agenda.
June 23
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A new holiday; VAT questions; give parents credit; and other highlights from our favorite tax bloggers.
June 22
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The Internal Revenue Service opened a portal to enable families to monitor and manage their monthly advance payments of the expanded Child Tax Credit.
June 22
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Taxing jurisdictions are less anxious about revenue — but they’ll be more focused on sales tax than before.
June 22
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A combination of high valuations on companies and potentially higher taxes in the future is proving to be a potent motivator for selling private companies.
June 22
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Tax experts dissent the Biden budget proposal in search of planning opportunities.
June 22
