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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Donald Trump's promise to strip Harvard University of its tax-exempt status prompted criticism from former IRS commissioner Charles Rettig.
May 2
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House Republicans plan to raise more than $15 billion in revenue through lease sales, as well as other measures, to help pay for the massive tax cut package.
May 2
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Trump posted the announcement after weeks of threatening an Internal Revenue Service review of the Ivy League's tax-free treatment.
May 2
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Key House Republicans discussed ways to direct an expanded state and local tax deduction to those making less than $400,000.
May 1
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Insult to injury; lack of progress; gone fishing; and other highlights of recent tax cases.
May 1
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Tax season wrapped up on April 15; here are the final filing statistics.
May 1
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Republican lawmakers pushing for the expansion of the state and local tax deduction are slated to meet with House Speaker Mike Johnson about the $10,000 cap.
April 30
