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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Accountants are helping worried companies deal with the possible fallout from drastic tariff and tax changes.
May 21
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President Trump said his massive tax package is close to being finalized, but the White House has yet to win over a faction who want more spending cuts.
May 21
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This year's uncertainty in Washington is resulting in an unclear tax landscape, especially with deductions from real estate holdings and capital expenditures.
May 21
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The revised version of President Donald Trump's economic package would move up work requirements to December 2026 from 2029.
May 21
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The $40,000 SALT limit will phase out for annual incomes greater than $500,000, and the income phaseout threshold would grow 1% a year over a decade.
May 21
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Conservative hardliners threatened to block Republicans' massive tax and spending package, jeopardizing passage of President Trump's economic legislation.
May 21
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The latest data on new SEC audit client engagements for 2024 and the number of accounting-related securities class actions.
May 21
