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The top Democrat on the Senate Finance Committee, Ron Wyden, is reviving a plan that would tax wealthy individuals annually on their investments, instead of when those assets are sold.
April 2 -
The far-reaching bipartisan legislation would overhaul key facets of the way the Internal Revenue Service operates, including the appeals process.
April 2 -
For New York City’s luxury real estate brokers, a new mansion tax certainly isn’t welcome news, but it’s better than the alternative.
April 2 -
The Financial Accounting Standards Board and the Governmental Accounting Standards Board are both on the lookout for new chairmen, with the end of the term approaching next year for leaders of both FASB and GASB.
April 1 -
We can offer clients a huge value and also generate some additional revenue for ourselves.
April 1
Withum -
New York lawmakers approved a budget that allows for tolls on cars entering midtown Manhattan, increases sales taxes on multimillion-dollar city homes and ushers in a statewide ban on single-use plastic bags.
April 1 -
Lawmakers are investigating reports that the president inflated or deflated amounts on his financials and used an unorthodox format dubbed a “Statement of Financial Conditions.”
March 29 -
House and Senate Republicans and Democrats teamed up to reintroduce bipartisan legislation to overhaul key aspects of the way the Internal Revenue Service operates.
March 28 -
Democrats are busy finding new ways to tax the rich. The most straightforward way to do that — an annual tax on household wealth — is an idea with deep roots in Europe that several 2020 hopefuls are hoping to import to the U.S.
March 28 -
Stephen Moore, whom President Donald Trump said he’ll nominate for a seat on the Federal Reserve, owes more than $75,000 in taxes and other penalties, according to the U.S. government.
March 27 -
The House Ways and Means Committee held its first hearing under Democratic control on the tax reform law.
March 27 -
Leaders of the Senate Finance Committee launched a probe into a tax scam that siphons billions of dollars away from the federal government.
March 27 -
The Democratic presidential candidate is joining in calls for higher taxes on the wealthy, an issue that’s taking hold among the contenders for the party’s nomination in 2020.
March 27 -
The administration is hardening its legal position toward the Affordable Care Act, arguing now the entire law is unconstitutional.
March 26 -
Politicians in mostly Democratic high-tax areas say the new federal cap on state and local tax deductions hurts their residents, but most never got it in the first place.
March 26 -
Democrats who were hoping the completion of the Mueller report would speed up the effort to request President Donald Trump’s tax returns may be disappointed.
March 25 -
We are down to the last three weeks of tax season. How much better can it get?
March 25
Withum -
Special counsel Robert Mueller’s team included forensic accountants who helped the former FBI director investigate allegations of collusion between the Trump campaign and Russia, according to a letter released Sunday by Attorney General William Barr summarizing Mueller’s findings.
March 25 -
The U.S. Treasury Department is again reducing penalties for taxpayers who didn’t pay enough of their tax bill throughout the year.
March 25 -
The Treasury Department and the Internal Revenue Service are lowering the withholding underpayment threshold to 80 percent.
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