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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Trump asked an appeals court to pause a judge's order imposing sanctions on him and his lawyers for how they handled his $10 billion lawsuit against the IRS.
August 13
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The White House is considering throwing its weight behind a push to increase a capital gains tax exemption for primary home sales.
August 13
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The Senate passed a federal disaster tax relief bill, the Doug LaMalfa Federal Disaster Tax Relief Certainty Act, by unanimous consent after a hold was lifted.
August 12
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The Internal Revenue Service and the Treasury Department offered guidance on rollovers between retirement plans and individual retirement accounts.
August 12
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Trump in a social media post argued that the policy was costing the city by driving away wealthy people who would otherwise pay taxes there.
August 12
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President Trump is looking for new policy pledges he can present to voters, including potentially calling on Congress to cut capital gains taxes.
August 12
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The Treasury Department's Financial Crimes Enforcement Network issued a final rule permanently removing the requirement for U.S. companies and people to report beneficial ownership information.
August 11
