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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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
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Campaign pledges like no taxes on tips and overtime pay, plus new tax breaks for car buyers and seniors, are the centerpiece of a multitrillion-dollar package.
May 13
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GOP leaders proposed a $30,000 cap on the federal income tax deduction for state and local taxes.
May 13
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Accountants and tax professionals need to be ready to help their clients choose the right type of business entity.
May 13
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House Republicans' release of the tax provisions in their massive fiscal bill provides a crucial initial reading of what party leaders think could pass.
May 13
