Renaissance explores settlement as IRS seeks billions in taxes

Hedge fund giant Renaissance Technologies is in talks to resolve a dispute with the Internal Revenue Service over a tax maneuver that saved its owners billions of dollars.


Warren pushes new corporate tax on profits above $100M

The Democratic presidential candidate rolled out a proposal to levy a 7 percent tax to raise an estimated $1 trillion from the wealthiest businesses.


Mnuchin puts off Democrats’ demands for Trump’s tax returns

The Treasury Secretary declined to meet a deadline to provide the president’s returns, asking for more time to study the legality of their request.


AICPA names 2018 Elijah Watt Sells Award recipients

The American Insitute of CPAs recognized the 110 CPA Exam test-takers with top scores out of a field of approximately 86,000 individuals.


A revolution for accounting firms who are ready for change

There is a revolution underway in major accounting firms, at least for the ones who take up the challenge to meet the shifts occurring beneath their feet.


IRS Commissioner Rettig tells Senate how tax season set a record

The agency managed to open filing season on time despite the recent government shutdown and saw a big opening day.


The Tech Take: Should robots be taxed?

A new report urges against the taxation of robots, with the warning that any such policy would stifle innovation.


Warren releases 2018 tax return, urges more candidates to follow

Massachusetts Senator Elizabeth Warren and her husband reported an adjusted gross income of $846,394 on their 2018 federal tax return, with $324,687 of that total coming from her work as an author.


Electric-vehicle tax credits get a bipartisan boost in Senate

A bipartisan group of senators introduced legislation that would extend a lucrative tax break that could benefit Tesla and GM.


Canopy debuts mobile app for tax practice management

Canopy has introduced a mobile app for managing a tax practice that works with both Apple iOS and Google Android devices.