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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Changes in the Tax Cuts and Jobs Act impose new taxes on groups like churches and charities that offer free parking to clergy and employees.
December 10
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The Internal Revenue Service’s recent proposal to extend gift and estate tax exemptions beyond 2025 could spur some large transfers of wealth.
December 7
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The deferral may not be available to executives, highly compensated officers and those owning 1 percent or more of a corporation’s stock.
December 7
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Flag on the play; $7,500 in fake doctors; money funneled through the pulpit; and other highlights of recent tax cases.
December 6
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There has been a lot of confusion about which businesses will qualify for the pass-through deduction and other tax breaks.
December 5
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Officials unleashed a burst of subpoenas seeking financial records that would reveal whether the president is profiting off foreign governments.
December 5
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In honor of George H.W. Bush, filers have an extra day.
December 5
