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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They dodged a number of bullets, and other code changes could spur more giving, experts say.
January 15
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The U.S. Supreme Court will consider freeing state and local governments to collect billions of dollars in sales taxes from online retailers, agreeing to revisit a 26-year-old ruling that has made much of the internet a tax-free zone.
January 12
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Businesses—especially smaller firms—may scale back on treating clients to major league baseball games, golf outings and the like after Congress and President Donald Trump ended a tax break for such entertainment.
January 12
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In liberal bastions like metro New York and California, the Trump tax overhaul has been criticized as economic warfare. But as elements of the plan come into focus, tax experts are concluding that some of the most dire predictions for high-tax blue states—particularly surrounding the treatment of state and local taxes—may not pan out as feared.
January 12
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Gone Postal; five down in fraud; ‘saves me a lot of taxes’; and other highlights of recent tax cases.
January 11
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Even though Congress passed the biggest tax overhaul in more than 30 years only a few weeks ago, there’s likely to be more tax-related legislation coming out in the very near future.
January 11
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The New Jersey Society of CPAs is warning taxpayers in the Garden State that the New Jersey Division of Taxation isn’t letting them deduct the 2018 property taxes they prepaid last year on their 2017 state return after passage of the Tax Cuts and Jobs Act, though the move could still be helpful in terms of federal taxes.
January 11
