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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President Donald Trump’s pledge to repeal Obamacare ran into a Republican buzz saw. Now, his ambitious proposal to cut taxes is again encountering GOP opposition—from lawmakers in Democratic-leaning states.
April 28
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The new look is aimed at centering the company’s tax automation software rather than outsourcing services.
April 28
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Fake financial instruments, 26 states and $9 million, and other highlights of recent tax cases.
April 27
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A grand jury in Georgia has indicted an Internal Revenue Service employee for stealing taxpayers’ identities and filing for tax refunds with their names.
April 27
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Eight people were arrested for impersonating Internal Revenue Service employees and calling innocent taxpayers to threaten them about bogus tax debts.
April 27 -
President Donald Trump's tax overhaul plan was short on specifics, but one proposal was clear enough to draw howls from residents of high-tax states. The plan would end deductions of state and local taxes from federal income taxes. Those are by far the biggest deductions for many taxpayers.
April 27
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"You must pay your taxes immediately, or else," an ominous voice on the other line says before demanding a credit-card number. Most Americans roll their eyes and hang up on these scam calls, but thousands have fallen victim, and millennials are more susceptible than older generations, a new study finds.
April 27
