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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The top two Democratic leaders in Congress pulled out of a meeting with President Donald Trump on Tuesday after he tweeted that a budget deal with them was unlikely, raising the odds that the U.S. government will partially shut down next week.
November 28
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The state is trying to duplicate its success with movies by offering breaks to the music business.
November 28
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A roundup of new IRS initiatives in data collection for the upcoming tax season.
November 28
Wolters Kluwer US, Tax & Accounting -
The Senate tax bill is headed for a marathon debate this week as Republican leaders plan to hold a floor vote as early as Thursday—but first, it has to go through the Budget Committee, where key GOP lawmakers are raising objections. Here are the latest developments, updated throughout the day:
November 28
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The amount of total assets under management in donor-advised funds grew 9.7 percent to more than $85 billion last year, as an 80-year-old vehicle for philanthropy and charitable giving continues to grow in popularity.
November 28
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A majority of small business owners oppose the tax reform plans now being considered by Congress, according to a new survey.
November 27
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A new revenue procedure provides a safe harbor allowing taxpayers to deduct costs for fixing deteriorating foundations.
November 27
