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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Farm lobbyists are warily watching the tax-overhaul legislation moving through Congress, which comes with some favorable terms for them now but may have a big catch later: Less money for farm programs crucial to producers dealing with lower commodity prices.
November 22
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A former Swiss banker was acquitted of helping U.S. clients dodge taxes, dealing prosecutors a dramatic loss in their efforts to hold individuals responsible after the government successfully targeted financial institutions.
November 22
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Senate Republicans tucked some multibillion-dollar tax increases for corporations into the 515-page tax bill they released this week—spring-loaded hikes that would begin after 2024 if the economy doesn’t grow as fast as GOP lawmakers have promised.
November 22
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Alaska Senator Lisa Murkowski’s decision to agree late Tuesday to smash Obamacare’s individual mandate may remove one obstacle to passing the Senate Republican tax bill next week.
November 22
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Decisions and indecisions in firm leadership; new R&D directives; the looming season; and other highlights from our favorite tax bloggers.
November 22
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The Senate released the 515-page text of its sweeping tax legislation for the first time Monday evening—and Republican leaders plan to hold a floor vote on it within 10 days.
November 21
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The IRS has been sending signals since the summer that it will be enforcing the Affordable Care Act's employer mandate.
November 21
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