Electric car tax credit bill will cost $16B, critics say

Extension a tax incentive for electric vehicle purchases could cost up to $15.7 billion, according to an analysis prepared by opponents.

Democrats try to extend wind, solar aid they agreed to let die

Tax credits worth billions of dollars for the wind and solar industries are set to expire or begin phasing out next year — part of a 2015 deal Democrats struck that ended a 40-year-old ban on the export of crude oil.

Wyden demands files on Trump tax fight from Mnuchin, IRS chief

The top Democrat on the Senate Finance Committee sent letters to the Treasury Secretary and IRS Commissioner requesting information on their refusal to provide the president’s tax returns and related documents.

In the blogs: Return madness

The CCH outage; dark influencers; prep and the military life; and other highlights from our favorite tax bloggers.

Trump lawyer urges judge to nix accounting records demand

The president’s lawyer pressed a federal judge to reject efforts by a Democrat-led congressional committee to obtain tax records from Mazars USA.

Senators introduce legislation to expand access to retirement plans

The bipartisan legislation aims to expand retirement savings by offering more tax incentives to individuals and small businesses.

IRS offers guidance to CCH users on tax extensions after outage

The service offered instructions on how to claim an extension, among other things.

FASB proposes to simplify accounting for income taxes

The Financial Accounting Standards Board has released a proposed accounting standards update to reduce the cost and complexity of accounting for income taxes.

AICPA asks FASB to delay lease accounting standard for private companies

The Institute wants to postpone the effective date of its new leases standard for one year, citing an overload for financial statement preparers.

BlueVine poaches Herman Man from Xero

Man will serve as chief product officer for the online financing tech provider.