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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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
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A little-known feature of RMD tax withholdings could help minimize a client's effective tax burden. Not all financial advisors are on board with the strategy.
May 12
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A powerful House committee has inserted language preventing states from regulating artificial intelligence into President Trump's massive tax and spending bill.
May 12
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President Donald Trump's Hollywood ambassadors asked the White House to expand and extend tax incentives as part of an upcoming budget reconciliation bill.
May 12
