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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Senate Majority Leader Mitch McConnell said that any tax overhaul can’t add to the growing U.S. budget deficit, a position that places him at odds with President Donald Trump, who has called for a significant tax cut.
May 16
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President Trump has nominated David Kautter, partner-in-charge of the Washington National Tax practice of RSM US, as Assistant Secretary of the Treasury for Tax Policy.
May 15
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The tool helps companies calculate and comply with country-specific taxation rules that change often.
May 15
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The president’s personal lawyers said in a letter that his taxes from the past 10 years show that—with a few exceptions—he received no income from Russian sources and owed no debts to Russian lenders.
May 12
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The tax tech company has earned a certification for SAP’s ERP Central Component solution.
May 12
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The president is leaning toward preserving a trillion-dollar tax break for corporate borrowers—a move that economists say could jeopardize his goal of robust economic growth.
May 12
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IRS experience is no shield from jail; $6 million in bogus deductions; ignoring injunctions; and other highlights of recent tax cases.
May 11
