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Democratic presidential front-runners largely agree on their first tax priority: Scrap the TCJA and institute new levies to pay for social programs.
June 28 -
The White House is developing a plan to cut taxes by indexing capital gains to inflation, according to people familiar with the matter, in a move that would largely benefit the wealthy and may be done in a way that bypasses Congress.
June 27 -
Officials at the Internal Revenue Service are looking to hire more employees to handle tax enforcement, compliance and administration of the tax code.
June 25 -
The timeline is fluid, however, and could stretch on for months.
June 25 -
If staff do not grow, then the owners cannot grow.
June 24
Withum -
Democratic presidential hopeful Bernie Sanders will propose canceling the nation’s outstanding $1.6 trillion of student debt and offsetting the cost with a tax on Wall Street transactions.
June 24 -
A U.S. House committee approved a package of bills that provide tax breaks for a variety of select industries and constituencies, kicking off what’s likely to be a protracted negotiation with Senate Republicans over whether and how to pay for them.
June 21 -
The chief pointed to his own history as a tax attorney, while reminding tax pros that the IRS is watching from the compliance and enforcement side.
June 20 -
The standard-setter plans to offer accounting relief to companies that need to modify their contracts as banks move the global reference rates for loans and more.
June 20 -
It’s official: Paying taxes can make you a stressed-out wreck.
June 20 -
Democratic presidential candidates like Joe Biden and Kamala Harris have talked about repealing the GOP’s tax overhaul. Yet a large-scale rollback is unlikely. Instead, two other forces could slowly unravel the law — Democrats currently in power in the House and President Donald Trump’s trade policies.
June 19 -
Americans gave less money to charities last year partly because the Republican tax law changes made many people ineligible for tax breaks that can inspire donations.
June 18 -
The Financial Accounting Standards Board is considering giving privately held companies and not-for-profit organizations an extra two years to implement standards.
June 18 -
Many businesses have an annual Bring Your Kid to Work day and so does Withum.
June 17
Withum -
The Securities and Exchange Commission charged the firm with changing some of its previous audit work and manipulating results of its internal training tests.
June 17 -
If liberal and conservative advocacy groups can agree on anything, it’s this: A suite of more than three dozen or so corporate tax breaks that have expired over the past two years should stay dead.
June 14 -
The Senate passed the far-reaching package only days after it passed the House for the second time, sending it to President Trump’s desk for his signature.
June 13 -
New York, New Jersey and Connecticut have been fighting a new cap on state and local tax deductions ever since it was included in the 2017 Republican tax overhaul.
June 13 -
The House voted for a second time to approve bipartisan legislation to overhaul key aspects of the way the IRS operates, but without a controversial provision.
June 11 -
The president’s personal lawyers told the court it must reverse a judge’s ruling allowing the House Oversight and Reform Committee to subpoena financial records from his accounting firm.
June 11

















