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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An unclean sweep; quite an education; Ferrari fever; and other highlights of recent tax cases.
May 8
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Democratic Rep. Gwen Moore introduced legislation to expand the Section 199A Qualified Business Income deduction for the smallest businesses.
May 8
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The state and local tax issue has been one of the most contentious for the House GOP to resolve.
May 8
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Lawmakers have separately discussed eliminating a tax deduction for pharmaceutical advertising.
May 8
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Among companies that have disclosed financial projections, GM sees a $5 billion hit this year, while Apple expects $900 million in higher costs this quarter.
May 8
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The legislative push for the massive tax package will begin in earnest next week as key House committees consider the legislation despite lingering divisions.
May 8
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The Top 75 Firm based in Atlanta has steered clear of private equity funding so far and plans to remain independent, despite frequent calls and emails.
May 7
