Taking a cue from the failed Repeal and Replace healthcare process, the Trump administration Wednesday released a broad outline of its tax reform plan, with many details to be spelled out in legislative form during negotiations with Congress.
The U.S. has opted out of certain international bank reporting rules, and that may be of interest to high-net-worth individuals overseas. Venable’s Friedemann Thomma explains what this might mean for U.S. tax professionals and accountants.
The home stretch of tax season will see fraudsters’ biggest push – but cybersecurity expert Kevin O’Brien says that taxpayers and tax professionals accountants will still need to protect themselves after that.
"You must pay your taxes immediately, or else," an ominous voice on the other line says before demanding a credit-card number. Most Americans roll their eyes and hang up on these scam calls, but thousands have fallen victim, and millennials are more susceptible than older generations, a new study finds.