Kamala Harris releases tax returns, showing income topping $2M in 2018

The California lawmaker, one of 18 declared candidates for the 2020 Democratic presidential nomination, released 15 years’ worth of returns.


Key Democrat says he’ll subpoena Trump records from accounting firm

House Oversight and Reform Committee Chairman Elijah Cummings said he’ll subpoena documents on Monday from an accounting firm tied to President Donald Trump.


Klobuchar releases tax return, showing more than $338K of income for 2018

The Minnesota senator who is seeking the 2020 presidential nomination has already released 12 years of returns dating back to 2006.


Trump gave most Americans a tax cut and they didn’t notice

Surveys show just one-fifth of taxpayers believe their taxes have gone down.


Taxpayers at risk of getting scammed by preparers

Nearly half of Americans fail to check whether their tax preparer includes their PTIN and signs their return, putting them at risk of being scammed, according to a new survey.


Tax preparers steered low-income taxpayers to extra-fee refund products, says GAO

Low-income and minority taxpayers were more likely to use extra-fee tax preparation offerings like refund advances and refund transfers, according to a new report Friday from the Government Accountability Office, and tax preparers often didn’t present them with information about the fees ahead of time.


Firms on the move: Drucker & Scaccetti proclaims, 'Tax Day is coming!'

KPMG unveils Ignition Center in Chicago; Withum opens learning lab at the University of Central Florida; and more CPA news.


People on the move: CAQ names new executive director

EisnerAmper and Dixon Hughes Goodman add principals; HHM CPAs hires four in Chattanooga office; and other recent hires, promotions and personnel news from firms across the country.


JPMorgan Chase gives first look at CECL impact

The financial institution expects to increase reserves by about $5 billion for implementation of the current expected credit loss standard.


Happy final Friday: IRS says millions have yet to file

Some 50 million taxpayers have not yet filed their tax returns.