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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House Republicans passed their version of legislation to overhaul the U.S. tax code by slashing the corporate tax rate, lowering tax burdens for most individuals and adding an estimated $1.4 trillion to the federal deficit over the next decade.
November 16
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Ireland is set to miss a deadline to hire managers for Apple Inc.’s tax billions during an appeal of a European Union antitrust ruling, the latest delay in a saga that has dragged on for more than a year.
November 16
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Senate Republicans may face a political problem in the final push for their tax-cut plan, and they might need Democrats to help fix it.
November 16
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Treasury Secretary Steven Mnuchin is mounting a cross-country roadshow to persuade businesses and the Republican faithful to put their weight behind a proposed tax overhaul from the Trump administration that so far lacks broad public support.
November 16
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President Donald Trump is confident that House Republican leaders have the votes to pass their version of a tax overhaul, and he’ll thank members of the GOP conference and field their questions on a visit to the Capitol this morning, a senior administration official said.
November 16
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House Republicans passed their tax-overhaul bill on Thursday as Senate tax writers sent their proposal to make individual breaks temporary and repeal a key part of the Obamacare law to the Senate floor. Here are the latest developments, updated throughout the day:
November 16
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A federal jury in Boston has convicted a Miami CPA on multiple counts of tax fraud and obstructing the Internal Revenue Service, but he is vowing to appeal.
November 15
