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Discover Latest #Accounting News, Articles and Videos with Contenting
Accounting news, articles, and videos are a great way to stay up to date on the latest developments in the accounting industry. From changes in regulations to new technology and trends, there are always new topics to stay informed about. Here you can find news and articles about the latest developments in accounting, as well as videos to help you understand the topics better. Whether you are an accountant, a student, or just interested in the field, staying informed is an important part of staying ahead.
Harvard sees 'grave consequences' as Trump pushes IRS action | Accounting Today
Harvard University pushed back against the U.S. government after President Donald Trump said the school should lose its tax-exempt status, warning that such a move would endanger its ability to carry out its mission and threaten higher education in America.
IRS proposes to end penalties on basis-shifting transactions | Accounting Today
The Treasury Department and the Internal Revenue Service are planning to withdraw regulations that labeled basis-shifting transactions among partnerships and related parties as "transactions of interest" akin to tax shelters and stop imposing penalties on them.
SALT cap for high earners gets outsize attention in Congress | Accounting Today
The state and local tax deduction — the subject of one of the most contentious fiscal fights in Congress — is a write-off that most Americans will never claim, even in the districts of the lawmakers fighting hardest to increase the tax break, data analyzed by Bloomberg News shows.
Acting IRS commissioner Shapley replaced by Treasury | Accounting Today
Gary Shapley, who was named only days ago as the acting commissioner of the Internal Revenue Service, is being replaced by Deputy Treasury Secretary Michael Faulkender amid a power struggle between Treasury Secretary Scott Bessent and Elon Musk.