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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Experts share what practitioners should be paying attention to for the rest of the year.
July 1
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President Donald Trump praised New Jersey’s lawmakers for blocking Gov. Phil Murphy’s proposed millionaire’s tax, saying it would have driven “large numbers of high-end taxpayers out of the state.”
July 1
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The Internal Revenue Service has released rules with the formula that determines how much Ivy League universities and other wealthy colleges will pay under a new tax.
July 1
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Some private educational institutions are now facing taxes on their investments under the Tax Cuts and Jobs Act.
June 28
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Democratic presidential front-runners largely agree on their first tax priority: Scrap the TCJA and institute new levies to pay for social programs.
June 28
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Justice done; Invented numbers; gone fishing; and other highlights of recent tax cases.
June 27
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The 3.1 percent hike includes workers at the Internal Revenue Service.
June 27
