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 IRS is warning tax professionals about a host of new and resurgent fraud schemes.
July 8
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From bonus depreciation and R&E expensing to the higher standard deduction, the Trump tax bill covers a lot of ground.
July 8
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Solar and wind projects that already had been pared back by Trump's $3.4 trillion budget bill designed to end green energy incentives.
July 8
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Asset managers are building products that give investors more control over when — and whether — they owe taxes.
July 7
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The bill is expected to push almost 12 million Americans off their health insurance, creating long-term financial issues for states and health-care providers.
July 7
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A loophole for religious schools was removed from the final tax bill, leaving the Indiana-based school to pay a higher levy on its $20 billion endowment.
July 7
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The Internal Revenue Service has declared 83 pieces of old guidance in the Internal Revenue Bulletin to be obsolete in accordance with Trump executive orders.
July 7
