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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Here are the latest developments, updated throughout the day.
November 15
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House Speaker Paul Ryan said temporary provisions in the GOP tax bill won’t really go away in a few years—he predicted that future Congresses will preserve them, and he didn’t mention the impact that would have on the federal deficit.
November 14
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The two tax plans right now; bad bets; the future of audit; and other highlights from our favorite tax bloggers.
November 14
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Key stumbling blocks remain for tax reform, including a ticking clock, differences in key provisions, and the cost.
November 14
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U.S. companies that make billions of dollars from patents and other intellectual property held offshore would be eligible for a special 12.5 percent tax rate on those earnings under the Senate tax plan.
November 14
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Startups and venture capitalists rarely get worked up over laws before they pass, but the tax plan currently winding its way through Congress is causing an uproar in Silicon Valley.
November 14
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They may be dusty, but tax pros aren’t quite ready to discard some antique tools.
November 14
