Person Root Tag

President Donald Trump on Thursday fired off more criticism at Amazon.com Inc., saying his problems with the internet retailer predate his election a day after a report that he’s “obsessed” with regulating the company.

House Republicans are approaching their next attempt at tax cuts the same way they did last year — by excluding Democrats.

Ruben Cardona is one of the best accountants I know. One day Ruben came up with his A.U.D.I.T acronym for the five steps of the audit process.

U.S. retailers came out swinging against new tariffs that will be imposed against China, saying they represent a $50 billion tax on American consumers.

The National Association of Enrolled Agents sent a letter to members of Congress’s tax-writing committees calling for a series of changes at the Internal Revenue Service.

The omnibus appropriations bill that lawmakers are expected to approve ahead of a Friday deadline to avoid a government shutdown includes extra money for the Internal Revenue Service to implement the Tax Cuts and Jobs Act, while changing a provision in the TCJA that advantaged farm cooperatives over other types of grain companies.

Lawmakers are on the cusp of settling on a $1.3 trillion bill to avoid a government shutdown this weekend after reaching compromises on a fix to the tax law and other issues.

The European Union published proposals Wednesday for a 3 percent Digital Turnover Tax on the European B2B revenues of digital giants such as Google, Apple, Facebook, Amazon (termed GAFA in Europe), Uber and Airbnb.

Talks continued on issues like a fix to the new tax law with just days remaining for House and Senate votes to avert a third shutdown this year.

The following is some of the advice I give when I train or mentor a new tax specialist:

The Treasury Department issued a strongly worded statement in response to a report from the Organization for Economic Cooperation and Development.

Republicans are looking to act a lot faster than originally expected to keep the new individual tax breaks from expiring in 2025.

A new report from Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, discusses how small businesses will face more uncertainty and complexity from the Republican tax law and will ultimately need help from their accountants to figure out the pass-through deduction.

Tax breaks for individuals should be made permanent in future legislation, according to the incoming White House economic adviser.

New Jersey Governor Phil Murphy proposed taxing online-room booking, ride-sharing, marijuana, e-cigarettes and internet transactions along with raising taxes on millionaires and retail sales to fund a record $37.4 billion budget that would boost spending on schools, pensions and mass transit.

At some point in my practice I had to ask a staff person if he would want to specialize in taxes. The first time occurred over 35 years ago when my main tax reviewer left for a position with another firm where he would be “more important than just a tax reviewer.”

The U.S. Bureau of Labor Statistics reported Friday that employers added a better than expect 313,000 jobs in February, although the unemployment rate remained unchanged for the fifth month in a row at 4.1 percent.

The Speaker of the House visited Atlanta to tout the economic benefits of the new tax law, but the president had other ideas.

When 2018 taxes are due in April 2019, millions of Americans could find themselves owing the government far more than was withheld. Millions of others could find they paid too much in 2018, resulting in unusually large refunds.

Treasury Secretary Steven Mnuchin’s plan to fix a gaping loophole for hedge funds in President Donald Trump’s new tax law could face legal challenges.