N.J.’s record high property tax bills show a glint of good news

New Jersey’s average property tax bill hit a record for a high-cost state whose residents were stung by the cap on deductions for state and local taxes.


Amazon backs out of lease at heart of tax fight with Seattle

The e-commerce giant scrapped a deal this month to open offices in New York after clashing with local politicians and is backing out of another battle.


Cohen opens Trump to potential legal risks with new allegations

A day of testimony before Congress included assertions that may pose additional legal peril for the president.


Treasury noncommittal on waiving tax penalties for under-withholding any further

A letter from a senior official to Senate Democrats throws cold water on any extra relief for taxpayers.


M&A roundup: Deals in Virginia, Colorado, New York, North Carolina and California

Yount, Hyde and Barbour merges with Murray, Jonson, White & Associates; TaxOps merges in AG Tax; father and son accountants unite as Heyward CPA and A-OH Business Services combine practices; and Addison Group acquires DLC Group.


Senate confirms new IRS chief counsel

The Senate voted Wednesday to confirm California attorney Michael J. Desmond as chief counsel for the Internal Revenue Service.


Deloitte partners with The Ella Project for STEM comic book series

The Big Four firm collaborated with the girls education advocacy group to introduce young people to careers in more tech-based fields.


AICPA asks IRS for a narrower definition of interest for business

Testifying before the service, institute officials also addressed the calculation of adjusted taxable income and the treatment of partnership income.


Armanino expands privacy services practice

The Top 100 Firm is helping clients manage changes in privacy and breach notification laws, and maintain compliance with new regulations.


Trump tax law created breaks for Wall Street to buy private jets

While wealthy people buying airplanes is nothing new, the tax overhaul provided a new incentive.