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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Practitioners share their
June 27
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Not all changes to the code need to come from tax legislation.
June 27
Bloomberg News -
The Obamacare replacement plan put forward by Senate Republicans would increase the number of uninsured Americans by 22 million while slashing funding for Medicaid, according to an estimate by the Congressional Budget Office.
June 26
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Four Senate Democrats have written a letter to one of the companies hired by the Internal Revenue Service to collect tax debts after complaints that some of its employees encouraged people to use money from their 401(k) retirement funds or take out a second mortgage to pay off their tax debts.
June 26
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A Republican senator is building support to change budget rules in order to make temporary tax cuts last for two decades or more, but he has yet to convince a critical figure—House Speaker Paul Ryan.
June 26
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President Donald Trump has promised the largest tax cut in history, but for scores of the biggest U.S. corporations, it might be just a tax nick.
June 26
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Senate leaders released a slightly revised version of their health-care bill Monday as Senate Majority Leader Mitch McConnell tries to win over enough holdouts to pass the measure, with at least six Republicans signaling opposition.
June 26
