Income taxes

The Internal Revenue Service generally did a good job last season creating processes to handle some of the new provisions affecting tax season, according to a government report, but there were a few areas where it could be improved.

The first few months of 2018 are a critical time for tax, legal and accounting advisors to speak with business clients regarding how the new tax law will affect their cash flow.

The issue points to the need for technical corrections for the Tax Cuts and Jobs Act.

On Friday, the Republican leadership in Congress released the contents of the tax reform bill they expect to vote on in the week before Christmas.

Details about the tax reform bill coming out of the conference committee may give tax pros what they need to begin advising clients.

House and Senate lawmakers plan to begin working this week on compromise tax-overhaul legislation—a key step in their drive to send a package of tax cuts for corporations and individuals to President Donald Trump by the end of the year. Here are the latest developments, updated throughout the day:

One of the last-minute, late-night changes Senate Republicans made to their tax-overhaul plan may mean higher taxes for corporations, including technology firms, than the bill’s drafters intended, experts say.

As Congress prepares to combine the House and Senate bills, these changes to the code look highly likely to be part of the final legislation.

Expiring tax cuts, business perks and health care politics loom over House and Senate Republicans as they face the daunting task of hammering out the differences between their competing bills to rewrite the U.S. tax code.

President Donald Trump announced Thursday his intention to designate Assistant Secretary of the Treasury for Tax Policy David Kautter as acting commissioner of the Internal Revenue Service.