Beware the $500B bond exodus as offshore cash comes home after tax overhaul

Farewell, Ireland: it looks like corporate America will finally bring that cash home.


Cuomo seeks New York tax revisions to thwart federal changes

New York state would end income taxes on wage earners and make up the revenue with an employer payroll tax that’s federally deductible as part of a restructuring plan that Governor Andrew Cuomo is recommending to mitigate harmful effects of the new U.S. tax code.


House GOP said to wrap Obamacare tax delays in spending deal

GOP leaders in the House are testing whether rank-and-file Republicans will support a stopgap funding measure to keep the government open that also would delay some Obamacare taxes and provide money for a children’s health insurance program, lawmakers said.


In the blogs: Incoming!

Repositioning real estate; state-level changes; the future of prep; and other highlights from our favorite tax bloggers.


Accountants Confidence Index — January 2018

The Accountants Confidence Index gave up some gains in the end game of tax reform.


Bloomberg and Paychex update software for new tax law

Bloomberg Tax and Paychex have updated their technology to take into account the sweeping changes in the Tax Cuts and Jobs Act.


IRS set to enforce passport denials for tax delinquents

The Internal Revenue Service is warning taxpayers who owe more than $51,000 in tax debts they could have their passport applications or renewals denied unless they pay up.


Audit fee increases show signs of abating

Increases in audit fees for public companies and nonprofits slowed down in 2016, according to a new report, although private companies saw an uptick in their fee increases during the 2016 audit season.


A two-step take on exiting a business

This approach can minimize taxes and risk for Baby Boomer owners looking to transfer a company.


Tax reform leaves private foundations in a strong position

They dodged a number of bullets, and other code changes could spur more giving, experts say.