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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Members of the tax-writing House Ways and Means Committee are holding a hearing on a legislative package that would overhaul the taxation of digital assets.
June 9
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The president's decree dramatically increasing the cost of the popular visa is an unlawful tax and must be vacated, the judge said in a ruling.
June 9
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The number of tax practitioners using AI for research has nearly doubled in just a year, leading them to explore alternative billing models.
June 9
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The Treasury Inspector General for Tax Administration report highlighted a practice that contributed to the departures of high-ranking IRS officials.
June 8
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A technicality in the federal law enacted in July 2025 changed how deductions work for estates and trusts, creating uncertainty over how taxes are allocated after a person's death.
June 8
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The Internal Revenue Service released its 2025 Data Book outlining activities during fiscal year 2025, as it continued to carry out functions despite cutbacks.
June 8
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The Internal Revenue Service is restructuring the framework of its Security Summit public-private partnership to fend off tax-related identity theft.
June 8
