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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Senate and House Democrats introduced legislation to bring back the Direct File free tax preparation program that was ended by the Trump administration.
March 2
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The IRS terminated its collective bargaining agreement with the National Treasury Employees Union, which represents most IRS and Treasury Department employees.
March 2
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The new Schedule 1-A and updated instructions enable taxpayers to claim the new tax breaks for tips, overtime, car loans and senior citizens for tax year 2025.
March 2
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Senate Finance Committee leaders introduced bipartisan legislation with changes to IRS procedures and administration, and standards for tax preparers.
February 27
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The confusion over pending Employee Retention Credit claims is bad. The situation for disallowed claims is much worse.
February 27
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Preparers are helping clients navigate OBBBA deductions and other pressing concerns.
February 27
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Wrong arm of the law; it all comes out in the wash; human nature and other highlights of recent tax cases.
February 26
