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The Modified Home Mortgage Interest Deduction (Forbes) - The tax code generally views people as having two sides: one side that seeks profit, and the other side that seeks to satisfy human needs (housing, food, clothing, etc.). Normally, the Code allows deductions for the former, but not the latter. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES 5 Predictions for Accounting in 2018 (CPA Practice Advisor) - I have the privilege of working with forward thinking controllers and CFOs every day. This provides an insiderâs view of the challenges facing the accounting profession and changes coming down the innovation pipeline. Voices Tax Strategy: 2017 in Review (Accounting Today) - With 2017 almost behind us, it seems useful to look at the significant developments in the tax area as we start to focus on 2018. In 2017, Congress was focused on health care repeal-and-replace and tax reform for most of the year. Goldman Sachs Takes One-Time $5 Billion Hit From US Tax Bill (Bloomberg) - About two thirds of the hit comes from the repatriation tax, the company said in a filing on Friday. Implementation of the territorial tax system and remeasuring U.S. deferred tax assets also contribute to the charge. Wireless Charging Just Got Closer to Becoming a Reality (Quartz) - Sick of all those charging cords? The wireless future might not be that far off. Taxation Accounting/Audit | TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Top 10 Stangest Water Tower Designs   |