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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Former Treasury Secretary Lawrence Summers said the Trump administration's moves to downsize the IRS are likely to incentivize reduced tax-payment compliance.
April 23
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Commissioner roulette; tax crimes and green cards; the trap of major projects; and other highlights from our favorite tax bloggers.
April 22
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In its first multiyear operating plan, the IRS Whistleblower Office laid out its priorities.
April 22
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The university sued several U.S. agencies and top officials for freezing billions of dollars in federal funding and threatening its tax-exempt status.
April 22
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The Budget Lab at Yale projects that taxing income over $1 million at a 40% rate would generate $420 billion over a decade.
April 22
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Under current laws, qualified investors living in the commonwealth are not required to pay local or federal taxes on capital gains, including crypto appreciation.
April 22
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Studies on the "buy, borrow and die" strategy and state-level taxes reveal the complexities involved with extending the Tax Cuts and Jobs Act by the end of 2025.
April 21
