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 IRS issued Recovery Rebate Credits for the pandemic to nearly 301,000 ineligible taxpayers, many of whom were either immigrants or received extra payments.
February 26
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The Institute asked for guidance from the IRS and the Treasury on the Trump Accounts for newborns as well other provisions of the One Big Beautiful Bill Act.
February 26
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Lawmakers in Congress have their eyes on several pieces of tax-related legislation that may or may not get passed this year, though the upcoming November midterm election is bound to affect any possibility of the bills advancing.
February 26
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The IRS introduced a new web page where taxpayers can confidentially report suspected tax fraud schemes, scams, evasion or other tax-related illegal activities.
February 26
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Proposed regulations will affect the determination of taxable income or loss and foreign currency gain or loss with respect to a qualified business unit.
February 25
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The latest data from the Internal Revenue Service on the current tax season shows the size of refunds significantly outpacing last year.
February 25
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The president praised the impact of the One Big Beautiful Bill Act and his tariffs despite a Supreme Court ruling, while proposing new investment accounts.
February 25
