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.
-
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
-
A powerful House committee has inserted language preventing states from regulating artificial intelligence into President Trump's massive tax and spending bill.
May 12
-
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
-
The House tax committee aims to make official several of President Trump's campaign tax pledges, and to avoid a millionaire tax.
May 12
-
The Internal Revenue Service has not yet satisfied the goal of the Payment Integrity Information Act to reduce improper payment rates to less than 10%.
May 12
-
The investment strategy may generate much greater loss harvesting than direct indexing, but backers point out that they work much differently.
May 12
-
House Republicans are struggling to resolve issues with President Trump's multitrillion-dollar tax package, including the SALT deduction.
May 12
