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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A group of 42 Senate Democrats has sent a letter to Treasury Secretary Steven Mnuchin, urging him to refrain from unilaterally cutting capital gains taxes without congressional approval.
August 8
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The Trump administration’s tax cuts have had little direct impact on business investment decisions, according to an analysis by the International Monetary Fund.
August 8
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Uber Technologies Inc., responding to a European crackdown on offshore tax havens, created a $6.1 billion Dutch tax deduction that will help the company reduce a chunk of its global tax bill for years to come.
August 8
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There’s a new wrinkle in the annual wave of tax breaks that arrive in states around the country every summer during back-to-school sales.
August 7
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Real estate investors who want to maximize the return on investment will reap extra tax breaks this year, but still need to be cautious.
August 7
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Accountants may see some of their business clients getting caught up this summer in IRS activities to enforce the Affordable Care Act.
August 7
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The Internal Revenue Service has built “cash rooms” to receive federal taxes paid by marijuana companies.
August 7
