Person Root Tag

Many accountants have just completed their “second” tax season finalizing the extended returns, and life must go on.

The Securities and Exchange Commission voted to propose a number of amendments to simplify some disclosure requirements for public companies, along with investment advisers and investment companies.

Senator Susan Collins says she’s leaning toward supporting a fiscal 2018 Senate budget resolution that’s key to the Republican effort to pass a major tax overhaul without the need for Democratic votes.

Republican congressmen from states with high taxes are concerned about the potential loss of the deduction.

The deduction for state and local taxes could be a major stumbling block for reform.

The U.S. tax code is uncompetitive and overly complex, and it’s time for politicians and special interests to set aside partisan interests and pass reform legislation, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said.

President Donald Trump will try to make the case that corporate tax breaks would benefit middle-class wage earners Wednesday evening—and an excerpt of his speech suggests he’ll use a measure of salesmanship.

Allies of President Donald Trump say they fear his feud with Republican Senator Bob Corker risks unraveling the White House tax overhaul effort and that another major legislative failure could hobble the administration for the rest of his term.

The reality of being a partner in a firm, regardless of the size, is that you are running a “one-partner business.”

U.S. online retailers like Amazon.com stand to gain from the Trump administration’s push to throw open the doors for Canadians and Mexicans to buy American goods duty-free.

Tax cuts and deregulation can help the U.S. economy grow faster than the recent pace of about 2 percent, National Economic Council Director Gary Cohn said.

The Trump administration urged the overhaul of key rules underpinning trading in U.S. stock, bond and derivatives markets, calling on regulators to loosen dozens of restrictions.

Congressional leaders expect heavy lifting ahead.

The Treasury Department plans a set of actions to reduce eight tax regulations it identified earlier this year as burdensome.

Leaders of the Senate Finance Committee said they were “taken aback” to find out the Internal Revenue Service has recently signed a $7.25 million contract with Equifax for verifying taxpayer identities after the company admitted to a massive data breach exposing the personal information of approximately half of all Americans.

A group of conservative House Democrats is embracing some elements of a GOP plan to cut taxes, potentially creating an opening for Republicans to win bipartisan support.

The White House is showing “softness” on ending a $1.3 trillion federal tax deduction filers get for their state and local taxes, Senator Bob Corker said Monday, warning that it raises questions about the GOP’s “intestinal fortitude” and could imperil a tax overhaul.

In many firms the reality is that most partners below the “dictator” at the top are treated as employees—maybe a little more respectfully, but still as employees.

On the last page of a nine-page tax plan that calls for slashing business rates, President Donald Trump and congressional Republicans proposed a little-noticed, brand-new tax that may hit companies like Apple Inc. and Pfizer Inc.

Trump isn’t tied to eliminating the break, which is popular in states with high rates, like New York, New Jersey and California.