IRS Fell Short on Worker Misclassification Initiative (Accounting Today) - Keeping employees from being mislabeled as independent contractors hasn't been a big priority, according to a report from the Treasury Inspector General for Tax Administration.
Key Exception in New Mortgage Interest Deduction Rules (CPA Practice Advisor) - The new Tax Cuts and Jobs Act (TCJA) scales back or eliminates several itemized deductions, including deductions for qualified mortgage interest.
Apple Confirms it Uses Google's Cloud for iCloud (CNBC) - The disclosure is fresh evidence that Google's cloud has been picking up usage as it looks to catch up with Amazon and Microsoft in the cloud infrastructure business.
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