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.
-
Democrats may be as far as ever from seeing President Donald Trump’s tax returns after a U.S. Supreme Court argument suggested a legal fight over House subpoenas could extend for months.
May 13
-
House Democrats proposed a $3 trillion virus relief bill Tuesday, combining aid to state and local governments with direct cash payments, tax breaks, expanded unemployment insurance and food stamp spending as well as a list of progressive priorities like funds for voting by mail and the troubled U.S. Postal Service.
May 12
-
Residents of states such as Utah, Idaho and South Dakota collected average stimulus payments topping $1,800.
May 12
-
Key justices explored possible middle ground as the U.S. Supreme Court considered President Donald Trump’s bid to keep his financial records secret in a pair of cases that could have sweeping constitutional significance and affect the November election.
May 12
-
The IRS is extending the claims period for health care flexible spending arrangements and dependent care assistance programs and enabling taxpayers to make mid-year changes to their accounts.
May 12
-
More PPP details; virtues of reading instructions; the IRS slowly returns; and other highlights from our favorite tax bloggers.
May 12
-
It’s a line you don’t hear every day from Wall Street titans: Maybe we really should pay higher taxes.
May 11
