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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Democratic presidential candidates like Joe Biden and Kamala Harris have talked about repealing the GOP’s tax overhaul. Yet a large-scale rollback is unlikely. Instead, two other forces could slowly unravel the law — Democrats currently in power in the House and President Donald Trump’s trade policies.
June 19
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Xerocon was a showcase of the achievements of the past year as much as it was about the roadmap for the future.
June 19
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The day-off debate; SECURE’s flaw; IRS appeals mean a long wait; and other highlights from our favorite tax bloggers.
June 18
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Americans gave less money to charities last year partly because the Republican tax law changes made many people ineligible for tax breaks that can inspire donations.
June 18
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Tom Wheelwright sees value-added taxes as a cause of current tariff troubles.
June 18
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Both asset holders and practitioners have to educate themselves on the tax and recordkeeping rules around cryptocurrencies.
June 18
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Congress is considering plenty of bills -- how many will be passed is another question.
June 17
