Practice Management

Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, released a legislative discussion draft Wednesday to lay the groundwork for tax reform in the area of financial derivatives.

BDO USA LLP has expanded to Utah by merging in Mantyla McReynolds LLC, a firm based in Salt Lake City.

Donald Trump claimed income of more than $557 million over the last year, though the campaign provided few details on the sources of the money.

Highlights of some of our favorite tax-related blogs from the past week.

Auditors face numerous challenges when it comes to helping clients understand financial reporting issues related to accounting for intangible assets acquired in a business combination.

The Senate Finance Committee held a hearing Tuesday on integrating the corporate and individual tax codes, specifically in terms of allowing corporations to deduct the dividends they pay shareholders from their taxes.

The Tax Court has decided in favor of a taxpayer who insisted her hair-braiding business was not a hobby.

A man who claimed to have stolen former Presidential candidate Mitt Romney’s tax returns from PricewaterhouseCoopers and threatened to expose them has been convicted on extortion and fraud charges.

Rep. Sander Levin, D-Mich., the ranking Democrat on the House Ways and Means Committee, introduced legislation to limit two tax strategies used by some foreign-controlled U.S. multinational corporations, known as “hopscotching” and “de-controlling.”

Timely and meaningful access to the Internal Revenue Service is what is most important to taxpayers and tax preparers, according to Troy K. Lewis, chair of the American Institute of CPAs’ Tax Executive Committee.