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 American Institute of CPAs is concerned about a provision in the tax reconciliation bill limiting deductibility of state and local taxes paid by firms.
May 14
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Wealthy Americans and business investors are among the big winners while targets of Trump's ire such as immigrants and elite universities were hammered.
May 14
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Key Senate Republicans are resisting the House's plan to gut clean energy tax credits, vowing to soften the blow for emerging technologies and nuclear power.
May 14
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The IRS is granting up to $200,000 to individual low-income taxpayer clinics.
May 14
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President Trump's economic package took a major step toward becoming law when a House committee approved trillions in new tax cuts on a party-line vote.
May 14
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Valuations this year; handling interviewees; AI and accounting ed.; and other highlights from our favorite tax bloggers.
May 13
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The House Ways and Means Committee held a hearing to mark up the "one, big beautiful bill" extending expiring provisions of the TCJA and adding other tax breaks.
May 13
