IRS expands tax relief for Hurricane Irma victims in Florida

The Internal Revenue Service is giving Hurricane Irma victims in Florida until Jan. 31 to file some individual and business tax returns and make tax payments.


KPMG, McKinsey feel the heat over South Africa graft scandal

As global companies implicated in a graft scandal in South Africa scramble to contain the damage to their reputations, politicians and law enforcement agencies are prevaricating and stalling official investigations.


New Jersey Society of CPAs holds 2018 food drive

The organization is hoping to collect 3,000 pounds of nonperishable items by November 17.


Tax code hurts U.S. firms in M&A market, EY and Roundtable study finds

The U.S. lost $510 billion in business assets that were acquired by foreign companies from 2004 to 2016 in part because its corporate income tax rate exceeds other countries’, according to a study released Tuesday by a group of top U.S. business leaders.


Senate Budget Committee weighs tax cuts totaling $1.5T and may go higher

Senate Budget Committee member Ron Johnson said the panel is considering a budget that would allow for $1.5 trillion in tax cuts that would add to the deficit on a so-called “static” basis over the next 10 years.


Senate GOP has 12 days to repeal Obamacare and no room for error

Senate Republicans making one last-ditch effort to repeal Obamacare have the daunting task of assembling 50 votes for an emotionally charged bill with limited details on how it would work, what it would cost and how it would affect health coverage — all in 12 days.


Senate Republicans push last-gasp Obamacare repeal amid hurdles

Senate Republicans are making one last desperate push to repeal Obamacare but face significant challenges to get it done before a final deadline at the end of the month.


IRS criminal investigators hurt by budget and staff cuts

The decreasing budget and staffing of the Internal Revenue Service’s Criminal Investigation unit are leading to a decline in the number of cases that special agents are able to handle, according to a new report.


AICPA wants changes from IRS on partnership audit rules

An official from the American Institute of CPAs asked the Internal Revenue Service to revise its proposed regulations for auditing large partnerships during an IRS hearing Monday.


How tax reform could squeeze the middle class, in 5 scenarios

Here’s what we know about the details of the tax reform plan: almost nothing.