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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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
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Jason Smith said he will to strike a balance between those who want no limit on the state and local tax deduction and those who want no write-off at all.
May 7
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The plan mandates the sale of dozens of parcels totaling more than 11,000 acres (4,450 hectares) of federal land in Utah and Nevada.
May 7
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The Internal Revenue Service announced the inflation-adjusted amounts for health savings accounts in 2026.
May 7
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Tax Court judges; like-kind slip-ups; estate planning and digital assets; and other highlights from our favorite tax bloggers.
May 6
