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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It's time to start talking to clients about changes to the Tax Cuts and Jobs Act and much, much more.
August 12
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The Internal Revenue Service is starting to give taxpayers access to the memo from IRS Appeals Officers about why a decision was made for or against them.
August 12
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The Internal Revenue Service needs to do more to raise awareness of the adoption tax credit and plans to conduct more outreach, according to a new report.
August 12
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The poorest 10% of households will lose an average of $1,200 in resources per year, while households in the highest 10% of incomes will see about a $13,600 boost in resources.
August 11
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Even the wonkiest experts are struggling to keep up with the latest macroeconomic data. Here are the key factors to watch in the coming months.
August 11
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President Trump has removed Billy Long as commissioner of the Internal Revenue Service in the latest sign of turmoil at the embattled agency.
August 8
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Treasury Secretary Bessent will serve as acting commissioner, as President Trump plans to nominate Long for an ambassadorship.
August 8
