House Democrats are looking to find a compromise solution to the Republican tax law’s cap on the amount of state and local levies that can be written off a federal return, a limit they say has caused their constituents to lose out on billions of dollars of deductions.
The Center for Audit Quality has released an updated version of its tool for audit committees to address recent changes in accounting standards and potential areas of risk.
The program offers qualifying taxpayers who have capital gains income a highly flexible way to defer and eliminate a portion of the federal gain and possibly state gain.
The Internal Revenue Service released a revenue procedure Wednesday offering guidance on the use of tax-exempt bonds to provide housing for military veterans, farm workers and other groups.
Private sector employment increased by a relatively sparse 129,000 jobs in March, amplifying concerns about hiring after a disappointing jobs report a month ago.
Firms should be forced to legally separate their “cash cow” consulting work from their auditing businesses, a U.K. Parliament committee said.
Grooming IT professionals in accounting firms calls for specific skills.
Accounting Today lays out the top expense management packages side by side.
QBI; rental pitfalls; the letdown of the TCJA; and other highlights from our favorite tax bloggers.
The IRS is offering extended deadlines and penalty abatement for some taxpayers.
