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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The Internal Revenue Service's Criminal Investigation unit has been experiencing ups and downs in recent years due to budget boosts and cuts from Congress.
June 24
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The administration expects Senate leaders to bring the massive legislation to the floor on Thursday.
June 24
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Senate Republicans are aiming to wipe away budget red ink from the GOP's signature tax-and-spending bill with an unprecedented parliamentary maneuver.
June 24
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The distinctions between the two versions of the Trump tax bill aren't huge, but they could still make a big difference.
June 24
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Senate Republicans are coming around to the $40,000 cap on state and local tax deduction key House lawmakers demand in President Trump's massive tax package.
June 24
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The parliamentarian ruled the proposal is outside of the scope of the fast-track budget process for implementing a $4.2 trillion tax cut.
June 24
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Rhode Island home sellers would see a conveyance tax rise 63%, and owners of million-dollar properties would pay an additional levy if the budget is signed into law.
June 24
