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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Flat-out invented; 500 months; diverted income; and other highlights of recent tax cases.
May 28
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The Treasury Department introduced a mobile app enabling families to access Trump accounts, the new tax-deferred accounts for children born after Jan. 1, 2025.
May 28
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Postponing tax integration leads to misaligned systems, expensive retrofitting projects, and a failure to optimize cash flow and reduce enterprise risk.
May 28
Bloomberg Tax -
The so-called pied-à-terre tax is expected to take effect July 1 this year and would affect roughly 10,000 single family homes, coops and condominiums citywide.
May 28
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California's proposed tax on billionaires is an opportunity may change the careers of Massachusetts-educated tech leaders.
May 28
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A judge closed the president's case after his personal attorneys withdrew his lawsuit against the IRS for leaking his tax information.
May 28
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Most accountants came out of tax season measurably damaged, according to a new index.
May 27
