What you need to know about the federal opportunity zone program

The program encourages the private sector to diversify their investment portfolio while revitalizing urban and rural districts that face economic challenges.


U.S. tax refunds up 17% in latest data set, Mnuchin says

Tax refunds in the U.S. jumped 17 percent week over week, Treasury Secretary Steven Mnuchin said.


N.J.’s record high property tax bills show a glint of good news

New Jersey’s average property tax bill hit a record for a high-cost state whose residents were stung by the cap on deductions for state and local taxes.


Amazon backs out of lease at heart of tax fight with Seattle

The e-commerce giant scrapped a deal this month to open offices in New York after clashing with local politicians and is backing out of another battle.


Cohen opens Trump to potential legal risks with new allegations

A day of testimony before Congress included assertions that may pose additional legal peril for the president.


Treasury noncommittal on waiving tax penalties for under-withholding any further

A letter from a senior official to Senate Democrats throws cold water on any extra relief for taxpayers.


M&A roundup: Deals in Virginia, Colorado, New York, North Carolina and California

Yount, Hyde and Barbour merges with Murray, Jonson, White & Associates; TaxOps merges in AG Tax; father and son accountants unite as Heyward CPA and A-OH Business Services combine practices; and Addison Group acquires DLC Group.


Senate confirms new IRS chief counsel

The Senate voted Wednesday to confirm California attorney Michael J. Desmond as chief counsel for the Internal Revenue Service.


Deloitte partners with The Ella Project for STEM comic book series

The Big Four firm collaborated with the girls education advocacy group to introduce young people to careers in more tech-based fields.


AICPA asks IRS for a narrower definition of interest for business

Testifying before the service, institute officials also addressed the calculation of adjusted taxable income and the treatment of partnership income.