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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Opponents of the new corporate tax cuts were right. Many companies didn’t pay the full rate before the law passed—so they won’t see splashy reductions in 2018, according to their own estimates.
January 25
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Thomson Reuters has released several resources to help tax and accounting professionals deal with the Tax Cuts and Jobs Act.
January 24
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Amazon has informed its third-party sellers whose products are stored in its facilities in Massachusetts that it will be providing information to the state tax authority in what is believed to be a first for the company.
January 24
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The influential Koch political network is urging President Donald Trump to reject a proposal made by the U.S. Chamber of Commerce to increase the federal gas tax to help modernize American roads, bridges and other infrastructure.
January 24
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President Trump reportedly plans to name Charles Rettig, a California tax attorney, as the next commissioner of the Internal Revenue Service.
January 24
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New York state lawmakers could punch a $50.6 billion hole in the federal government’s budget by revamping their state income tax.
January 24
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Why to file early; suing robocallers; taxing stolen money; and other highlights from our favorite tax bloggers.
January 23
