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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President Trump said he was ending all trade discussions with Canada in retaliation for its digital services tax, and threatened to impose a fresh tariff rate.
June 27
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Senate Republicans appear to be making progress in resolving differences with House Republicans in the state and local tax deduction and other matters.
June 27
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The agreement involved raising the limit on the state and local tax deduction to $40,000 a year for five years.
June 27
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The remarks give Republican negotiators additional breathing room as lawmakers remain at loggerheads over several issues in the massive economic package.
June 27
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Voting 6-3, the justices rejected contentions that Congress unconstitutionally handed off its taxing powers.
June 27
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AI-driven firms fail to mention that if their AI-generated tax advice results in an audit, their customers, not the firms themselves, are held legally liable.
June 27
W. Paul Mattox, CPA -
Plus, K1x launches 1099 aggregator; Ledgre announces tax assistant for rental property owners; and other accounting tech news.
June 27
