TAX PRO TODAY

Tax changes in the wind

By John P. Napolitano       6 min read

Financial planning clients need to start preparing for potential legislative upheavals now. Read story →

SALT cap confounds doomsayers as fears of exodus prove overblown

By Jonathan Levin       2 min read

Contrary to the dire predictions at the time, the massive overhaul of the nation’s Tax Code during Donald Trump’s presidency had a negligible initial impact on the nation’s domestic migration patterns, new data from the Internal Revenue Service show. Read story →

Global negotiators tussle over revenue threshold in tax talks

By Isabel Gottlieb, Birgit Jennen and Alessandra Migliaccio       4 min read

European officials are considering a proposal from the Biden administration to make companies with at least $20 billion in annual revenue pay more of their tax bill in places they operate, while being less enthused that the U.S. offer would limit levies to just 100 firms. Read story →

Biden targets a tax break that helped Trump build his fortune

By David Kocieniewski and Caleb Melby       8 min read

The so-called 1031 like-kind exchange rule was created a century ago to aid family farmers. Read story →

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In the blogs: Nothing’s free

By Jeff Stimpson       2 min read

Fifty years of preparing taxes; golden days for whistleblowers; confusion in Colorado; and other highlights from our favorite tax bloggers. Read story →

TCJA int'l tax rules proved onerous for multinationals

By Michael Cohn       3 min read

A GAO report finds that the regulations were burdensome for multinational companies, even though they saved through lower tax rates. Read story →

Bloomberg enhances State NOL Manager

By Michael Cohn       1 min read

Bloomberg Tax & Accounting has improved the product to help multistate businesses with net operating losses across multiple states. Read story →

States challenge American Rescue Plan’s tax cut ban

By Roger Russell       3 min read

They claim the provision to prevent them from using federal money to fund lower taxes is unconstitutional. Read story →

Big tax bills to hit even modest inheritances if step-up in basis narrows

By Lynnley Browning       5 min read

"Inheritors are going to get killed" under the White House’s proposal to put the brakes on tax-free intergenerational transfers of wealth. Read story →

Global tax deal may not come until October

By William Horobin       1 min read

A full global deal to overhaul taxation rules may not be achieved until October, said the chief of the OECD. Read story →

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How mid-sized accounting firms are scaling with technology

Tuesday, June 8, 2021 12:00 PM EDT

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Digital tax workflow in the cloud

Thursday, June 17, 2021 2:00 PM EDT

Extension season is a perfect time perform your due diligence and consider upgrading from your current tax prep and compliance software to the cloud. If you start the process now, you can be ready for 2022. Learn More →

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This annual ranking of the leading CPA financial planners by assets under management also shares their major concerns and their strategies for dealing with their most pressing issues. Learn More →

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