| By Michael Cohn 5 min read | Congress is weighing a proposal to end the tax break next month to pay for the bipartisan infrastructure plan. Read story → |
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| | | By Laura Davison 3 min read | Two senior Senate Democrats are proposing to end a prized tax break for the private-equity industry in a new bill that would go further than President Joe Biden’s plan and potentially raise quadruple the revenue. Read story → |
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| | | By David Yaffe-Bellany 2 min read | Lawyers for former President Donald Trump are asking a federal judge to block the release of his tax returns to Congress, saying Democrats’ pursuit of the documents amounts to political retaliation. Read story → |
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| | | By Laura Davison and Allyson Versprille 3 min read | Senators Ron Wyden and Pat Toomey are drafting a proposal to overhaul a cryptocurrency provision in the $550 billion bipartisan infrastructure bill that traders and investors have criticized as being overly broad and impractical. Read story → |
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| Ditch the paper mess – SafeSend Organizers transforms your client organizer PDF into a fillable form. Schedule a demo! → |
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| | | By Jeff Stimpson 4 min read | The problem with some tax credits; a PPP forgiveness portal; crypto replies; and other highlights from our favorite tax bloggers. Read story → |
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| | | By Mark A. Luscombe 6 min read | Changes to the Child Tax Credit may require a second look as the system gets simultaneously simpler and more complex. Read story → |
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| | | By Roger Russell | NCCPAP’s Stephen Mankowski offers news about the IRS Office of Promoter investigations, Forms 940X and 941, and more. Read story → |
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| | | By Kyle Wissel 3 min read | While tax residency rules vary from state to state, changing residency generally requires a concurrent determination of domicile. Read story → |
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| | | By Lynnley Browning 5 min read | Using RMDs to pay the taxes due on a rollover can ease the psychological pain of forking over money to the IRS. Read story → |
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| | | By Laura Davison, Ari Natter and Steven T. Dennis 5 min read | A Senate plan to spend $550 billion on U.S. infrastructure stands to benefit industries heavily dependent on transportation. Read story → |
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| | Follow Accounting Today in real time. More ways to get the most trusted industry news and analysis. |
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