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 told Senate Republicans he is open to a state and local tax deduction cap lower than the $40,000 in the House-passed version of his tax bill.
June 6
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Bank job; the magic is gone; not a beautiful day in the Neighborhood; and other highlights of recent tax cases.
June 5
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Tesla shares sank as Elon Musk and President Trump's simmering feud devolved into a public war of words over the bill.
June 5
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The IRS has released the vast majority of the code used to develop its Direct File program, theoretically allowing anyone to build their own versions.
June 5
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A plan to sell thousands of acres of federal land to help pay for the massive package of tax cuts will be returning in the Senate's version of the bill.
June 5
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The world's richest man is declaring his opposition to tax legislation that's the centerpiece of Trump's domestic agenda.
June 5
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A Republican attempt to block states from enforcing new artificial intelligence rules over the next decade has drawn growing bipartisan objections, exposing tension in Washington over allowing for more unchecked AI development.
June 5
