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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Republicans are promising Tax Reform 2.0, but only a few measures may get approved.
July 18
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President Vladimir Putin’s offer to help the U.S. investigate alleged Russian election meddling, hailed as an “incredible” gesture by Donald Trump, included the same allegations made by a Kremlin-linked lawyer at a controversial 2016 meeting with top campaign officials of the future president.
July 18
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Claiming a disabled spouse; IRS messaging; FASB and codification improvements; and other highlights from our favorite tax bloggers.
July 18
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The Finance Committee is expected to approve Trump’s nomination of a tax attorney as the next head of the Internal Revenue Service.
July 17
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U.S. Commerce Secretary Wilbur Ross’s decision to sell his remaining equity holdings could save him from future run-ins with the government’s top ethics watchdog. But it could also set him up with a sizable tax bill.
July 17
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Many tax-exempt groups that participate in politics will no longer be required to disclose their donors to the Internal Revenue Service, the Treasury Department said.
July 17
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Four Democratic-led northeastern states sued the Trump administration to invalidate the new $10,000 cap on the federal tax deduction for state and local taxes.
July 17
