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 Senate is considering a plan to save a lucrative tax credit for the production of hydrogen that would be scrapped in the tax mega bill passed by the House.
June 11
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Rev. Proc. 2025-23 updates the list of 'automatic procedures' for changes in methods of accounting.
June 10
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Senate Majority Leader John Thune said Republicans in his chamber expect to deliver on President Donald Trump's campaign promises.
June 10
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Emailing an unprotected return; Sec. 899; IRMMA tactics; and other highlights from our favorite tax bloggers.
June 10
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House Speaker Mike Johnson said he's pressuring Senate Republicans to refrain from changing a deal to increase the state and local tax deduction cap to $40,000.
June 10
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Under the initiative, the government would make the one-time contribution into a tax-deferred, low-cost index fund that will track the overall stock market.
June 10
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A look at what's likely to stay in the Trump administration's tax bill, including pay-fors.
June 10
