Supreme Court hears arguments on major state trust tax case

The justices questioned a state’s ability to tax income from a trust based on the beneficiaries residing there before taking any distributions.


IRS issues guidance on opportunity zone investments

The proposed regulations offer further details about a provision of the Tax Cuts and Jobs Act aimed at spurring real estate investment in needy communities.


Tax refunds and tax decreases varied by state, says H&R Block

The size of clients’ tax refunds was up 1.4 percent this tax season, while their overall tax liability was down 24.9 percent.


Corporate income smoothing tied to CEO stocks and options

Companies report fluctuations in revenue and expenses over time in a way that makes the earnings growth look steady across quarters.


Accounting class-action suit settlement size jumped last year

There were fewer total settlements in 2018, but the dollar figures involved increased more than fivefold.


EY makes major moves in blockchain

EY has announced a significant investment into its Blockchain Analyzer product, as well as, separately, the release of its zero-knowledge proof (ZKP) private transaction protocol into the public domain.


PwC, Deloitte top Vault's best firms list

The Vault Accounting 50 ranks the top workplaces in North America based on prestige, firm culture, and other factors.


Elizabeth Warren’s corporate tax plan sounds reasonable. It isn’t.

The senator really hates it when corporations that report billions of dollars in profit pay little or no tax to Uncle Sam.


GE urged to drop auditor KPMG following accounting missteps

An adviser to union pension funds is calling on General Electric to change audit firms after investor confidence in the one-time blue-chip company has been rattled.


In the blogs: School for scandal

Another one in the books; bias in the TCJA; talking basis; and other highlights from our favorite tax bloggers.