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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There’s plenty of enthusiasm for new U.S. tax breaks for investing in low-income communities designated as opportunity zones. But many people have delayed spending because of uncertainty about how the incentives will work.
April 18
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If Democrats now in charge of the House Ways and Means Committee ever get their hands on President Donald Trump’s tax returns, they could thank their Republican predecessors for providing cover to make the documents public.
April 18
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The justices questioned a state’s ability to tax income from a trust based on the beneficiaries residing there before taking any distributions.
April 17
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The proposed regulations offer further details about a provision of the Tax Cuts and Jobs Act aimed at spurring real estate investment in needy communities.
April 17
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The size of clients’ tax refunds was up 1.4 percent this tax season, while their overall tax liability was down 24.9 percent.
April 17
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The senator really hates it when corporations that report billions of dollars in profit pay little or no tax to Uncle Sam.
April 17
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Another one in the books; bias in the TCJA; talking basis; and other highlights from our favorite tax bloggers.
April 16
