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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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
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"I'm so glad tax season is over!" is a phrase often heard from accountants. Why would anyone would say this?
April 21
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White House officials are preparing executive orders that would strip some environmental nonprofits of their tax-exempt status.
April 21
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Tax collections are confirming Wall Street forecasts that the U.S. government will not exhaust its borrowing capacity until later this year.
April 21
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The country's only public Major League Baseball team is facing off against the Tax Code in a lonely battle over player pay that threatens to cost it millions.
April 21
