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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Trump isn’t tied to eliminating the break, which is popular in states with high rates, like New York, New Jersey and California.
September 29
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By 2027, almost 30 percent of individuals with incomes between $50,000 and $150,000 would see their taxes rise under the elements of a Republican framework for tax legislation released this week, according to an analysis released Friday by the Urban-Brookings Tax Policy Center.
September 29
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He will serve as executive president and general manager for the medium and large segment for the Tax & Accounting North America business unit.
September 29
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The document provides more detail than a number of other tax reform documents that have emerged from the Administration over the past few months, but it still leaves many specifics to be worked out by Congress's tax-writing committees.
September 29
Thomson Reuters Checkpoint -
Senate Republicans unveiled a fiscal 2018 budget resolution Friday that they intend to use to push through as much as $1.5 trillion of tax cuts in the coming months, but it won’t allow the GOP to pursue a full repeal of Obamacare.
September 29
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President Donald Trump and Republican leaders unveiled a nine-page framework to rewrite the nation’s tax code this week to rave reviews from within their party. But now the hard part starts—with the tax-writing committees in the House and Senate tasked with settling some of the most divisive issues.
September 29
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The IRS has extended relief for forced sales of livestock by a year.
September 29
