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 Internal Revenue Service's Electronic Tax Administration Advisory Committee delivered its annual recommendations.
July 2
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Tariffs and the impact of government debt on the economy remain major concerns, according to a Grant Thornton survey.
July 2
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President Donald Trump's multitrillion-dollar tax and spending package moved closer to reality after it passed the Senate.
July 1
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The $3.3 trillion tax and spending cut bill passed the Senate after a furious push by Republican leaders to persuade holdouts to back the legislation.
July 1
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The Senate narrowly approved President Trump's tax bill after Vice President JD Vance cast a tie-breaking vote following no votes from three Republican senators.
July 1
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After Musk criticized the administration's tax bill, Trump threatened to withdraw government subsidies from Musk's companies and examine his immigration status.
July 1
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The Senate worked through the night on the $3.3 trillion tax and spending package, with Republican leaders still negotiating with key GOP holdouts into the morning.
July 1
