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 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
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The industry is awaiting SEC approval for dozens of applications, even as Vanguard's shareholder case highlights some of the tax complexity of the looming shift.
June 23
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President Trump's tax-and-spending agenda is nearing a climactic vote in the Senate this week.
June 23
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The Internal Revenue Service is pushing back filing and payment deadlines for those impacted by the severe weather.
June 20
