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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Democrats clearly see an opening, with Trump acting to launch a new 15% global tariff to replace the tariffs the Supreme Court struck down.
February 24
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The IRS and the Treasury released interim guidance on a special depreciation allowance for qualified production property under the One Big Beautiful Bill Act.
February 23
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TIGTA found that thousands of the IRS's new hires in 2024 did not receive equipment or performance expectations in a timely manner.
February 23
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The Supreme Court's nixing of President Trump's "reciprocal" tariffs is throwing fresh confusion over the raft of trade deals negotiated by global partners.
February 23
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The president's latest import taxes seem likely to lead to another legal challenge and more uncertainty for trading partners, companies, consumers and investors.
February 23
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The American Institute of CPAs is asking the Treasury and the IRS for further guidance on the rules for deducting domestic research and development expenses.
February 20
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Citing Congress' authority to levy taxes and tariffs, the Supreme Court ruled against President Trump's sweeping tariffs in a landmark 6-3 decision.
February 20
