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 $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
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Lack of awareness, fear of mistakes and penalties, and the cost of filing are preventing many families from claiming millions of dollars in tax credits.
May 20
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The Senate Finance Committee questioned Trump's nominee about his plans for the beleaguered agency and promotion of dubious tax credits.
May 20
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No more paper checks; death and tax debt; the perfect time to onboard software; and other highlights from our favorite tax bloggers.
May 20
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The bill would levy a 5% tax on remittances for noncitizens and foreign nationals, on top of a roughly 5% to 10% fee already charged on the payments.
May 20
