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 service has posted new procedures to explain how a change in tax law last year potentially affects the depreciation of residential rental property.
June 21
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Clients could end up having to pay back the money next filing season.
June 21
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The president’s plan for trillions in proposed spending and tax increases is likely to take at least until September to clear.
June 21
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The Biden administration’s proposal to impose a global minimum tax on corporations has been provoking opposition in Congress, with Republicans advocating user fees instead to pay for infrastructure improvements.
June 18
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The White House reiterated its opposition to indexing the gasoline tax to inflation to help pay for an infrastructure plan.
June 18
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A 25% tax credit is the latest carrot being proposed on Capitol Hill to encourage semiconductor companies to bolster U.S. production.
June 18
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The legislation would require standardized metrics and disclosures of environmental, social and governance measures by companies.
June 17
