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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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
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Share and share alike; fleecing the flock; United they fall; and other highlights of recent tax cases.
April 17
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Optimism is building that a game-changing fund design that will help asset managers shrink clients' tax bills will soon be approved by the SEC.
April 17
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States including Florida, New Hampshire, Texas and South Carolina are the main ones attracting clients due to their tax-friendly policies.
April 17
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The average U.S. homeowner paid $4,172 in property taxes last year, according to a report by real estate data firm ATTOM.
April 17
