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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"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
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Treasury Secretary Scott Bessent appointed his deputy, Michael Faulkender, to lead the IRS, after Gary Shapley had been installed without Bessent's knowledge.
April 21
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Gary Shapley, who was named only days ago as acting commissioner, was removed by President Trump and replaced by Deputy Treasury Secretary Michael Faulkender.
April 18 -
The Treasury and IRS plan to withdraw regulations that labeled basis-shifting transactions among partnerships and related parties as "transactions of interest."
April 17
