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 complains that large corporations, such as Amazon.com, are shirking their tax responsibilities. Yet for at least a decade, Trump paid none or very little in federal income taxes by exploiting some of the same generous tax breaks.
May 8
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President Trump defended his real estate tax strategy saying his business was “entitled” to write-offs following a New York Times investigation that showed he reported losses of $1.17 billion between 1985 and 1994.
May 8
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President Donald Trump, who won the presidency in part on his image as a successful business mogul, lost $1.17 billion over 10 years on failed business deals, according to tax records obtained by the New York Times.
May 8
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Making reform permanent; the high cost of raising royalty; messy IRS math; and other highlights from our favorite tax bloggers.
May 7
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The Internal Revenue Service is launching an investigation of the Free File program amid complaints that tax software companies are making it difficult for qualified taxpayers to access free tax prep software, as Los Angeles and New York State also take action.
May 7
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Tax automation software provider Avalara has named a new managing director of its Latin America operations.
May 7
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And while they’re paying less, they’re reserving judgement on the final impact of the act.
May 7
