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 expressed optimism that lawmakers could reach a compromise on the state and local tax deduction, a sticking point in his "One Big Beautiful Bill."
June 18
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The Trump administration is privately considering unleashing what advocates and critics agree would be one of its biggest cudgels yet to pressure colleges.
June 18
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The IRS got a case dismissed from the Tax Court by applying a taxpayer's overpayments to their earlier tax liability.
June 18
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Private equity in the profession; green cards and exit taxes; governance for preparers; and other highlights from our favorite tax bloggers.
June 17
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The provision would allow energy companies subject to a 15% corporate alternative minimum tax to deduct certain drilling costs when calculating taxable income.
June 17
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A group of tax organizations, including the NATP and NAEA, hopes to preserve the core tax functions relied on by tax professionals despite cutbacks at the IRS.
June 17
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In the age of AI, the professionals who will excel are those who invest as much in empathy, communication and critical thinking as they do in technical skills.
June 17
Bizora
