American Citizens Abroad, a group that promotes the interests of U.S.-born expatriates, has updated and relaunched its online Expat Tax Services Directory of firms providing tax services, tax preparation, accounting services, financial advisory and legal services.
Expat tax services directory updated and expanded | By Michael Cohn 2 min read
| American Citizens Abroad, a group that promotes the interests of U.S.-born expatriates, has updated and relaunched its online Expat Tax Services Directory of firms providing tax services, tax preparation, accounting services, financial advisory and legal services. | |
Senate Democrats investigate corporate loopholes in TCJA regulations | By Michael Cohn 2 min read
| A group of Senate Democrats has launched an investigation of the regulatory process for the Tax Cuts and Jobs Act and the ways in which exceptions were made for corporations as a result of fierce lobbying with the passage of the 2017 tax overhaul. | |
IRS needs to improve service for taxpayers with limited proficiency in English | By Michael Cohn 3 min read
| The Internal Revenue Service did a good job last tax season dealing with the many changes in the tax law, despite the 35-day government shutdown, but it still needs to improve its dealings with taxpayers who have limited proficiency with the English language, according to a new report. | |
IRS to restore some sequestered funds | By Jeff Stimpson 1 min read
| Less than a thousand businesses were affected by an OMB determination involving the refundable corporate minimum tax credit. | |
Trump tax cut hands $32B windfall to America’s top banks | By Yalman Onaran 2 min read
| Savings for the top six U.S. banks from President Donald Trump’s signature tax overhaul accelerated last year, now topping $32 billion as the lenders curbed new borrowing, pared jobs and ramped up payouts to shareholders. | |
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