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 Internal Revenue Service and the Treasury Department intend to issue proposed regulations to address the deductibility of state and local tax payments.
May 23
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The New Jersey Society of CPAs' June gathering will give special attention to industry changes over the next year, decade and beyond.
May 23
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Seattle levied an annual tax of about $50 million on big companies last week to help solve the city’s homeless problem. The tax was watered down from the original proposal but it was controversial and pitted the city against its most powerful corporate resident, Amazon.com Inc.
May 23
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A New York Republican introduced legislation in the House that would waive the new tax on about 30 wealthy college endowments if they spend 25 percent of their annual investment earnings on reducing the cost for middle-income students.
May 23
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President Donald Trump’s tax overhaul could wreak havoc on prenuptial agreements across the country — and maybe even his own.
May 23
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Facebook dinged in California; New York State of workaround; SEC spoof; and other highlights from our favorite tax bloggers.
May 22
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Thomson Reuters released a report Tuesday examining how states are imposing corporate income taxes on out-of-state e-commerce sites.
May 22
