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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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
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The Internal Revenue Service has been conducting "sweeps" in recent years to uncover cases where high-income people have not been filing taxes.
May 6
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A pair of bills would coordinate Pell Grants with the AOTC, and provide a tax deduction for overtime pay.
May 6
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More than 3,600 revenue agents — responsible for collecting tax payments — have left the IRS.
May 6
