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 expansion of a tax credit for electric vehicles isn’t likely to appear in a broad deal being negotiated by House and Senate leaders, and backers of the popular tax break say President Donald Trump is to blame.
December 16
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Taxpayers are more than twice as likely to use DIY tax preparation software as an accountant to do their taxes, but they’re 38 percent less satisfied with the results, according to a new survey.
December 16
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Intuit is also offering its own Cloud hosting solution for the desktop tax prep software.
December 16
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U.S. lawmakers led by Senate Finance Committee Chairman Charles Grassley are negotiating a potential revival of expired tax breaks in last-minute negotiations over a government spending bill.
December 16
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SCOTUS will hear arguments in March, and likely rule by the end of June.
December 13
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The Penn Wharton Budget Model says it would raise $2.3-$2.7T, not $3.75T
December 13
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Tax pros share their strategies for dealing with cost-conscious clients.
December 13
