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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President Donald Trump's recently enacted tax and spending law will add $3.4 trillion to U.S. deficits over a decade and leave millions without health care coverage, according to a new estimate from the nonpartisan Congressional Budget Office.
July 22
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The new Trump tax law and the expanding scope for automation are creating major opportunities for tax credit experts.
July 22
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Big rigged; fearsome foursome; NYPD blue; and other highlights of recent tax cases.
July 22
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Whether clients are investing in commercial buildings, launching new ventures or improving existing properties, they have fresh opportunities for accelerated deductions.
July 21
Maven Cost Segregation -
Tax compliance solutions provider Sovos announced new AI capacities, called "Sovi," not as a standalone feature, but as an intelligent layer embedded throughout the compliance lifecycle.
July 21
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The IRS is reevaluating how to gauge the more than 150 taxpayer service improvement projects it had been pursuing before staffing and budget cuts this year.
July 18
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The IRS's progress in improving tax compliance in recent years has been threatened by cuts in funding and hiring, according to a new report.
July 18
