Politics

Test your knowledge of the biggest accounting headlines of the week. No. 2 pencil not required!

Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.

Some financial advisors and tax professionals with high net worth clients could find big advantages before the expiration of provisions of the Tax Cuts and Jobs Act.

The high court heard arguments in a case about a commonly used succession planning tool for closely held businesses that may affect advisors' clients.

Fully 69% of registered voters in seven swing states say they favor higher taxes on billionaires, and on people who make more than $400,000 a year.

President Biden wants the wealthy to "pay their fair share." Ex-President Trump calls for "the biggest tax cuts." But labeling people as rich creates massive policy challenges.

Planners who recommend the increasingly popular charitable vehicles could face penalties for what's currently a pretty common practice in the industry, experts say.

The 20% deduction for the qualified income of pass-through entities has strong supporters and critics. Here's how tax experts say it could play out if made permanent.

A provision paying for breaks for parents and business owners has earned widespread praise, but an expert says financial advisors should be on alert.

Here's a breakdown of the most important proposals and debates circulating in policy circles ahead of this year's election and a big Supreme Court decision.

The arguments in Moore v. U.S. carry major potential implications, but these 14 excerpts suggest SCOTUS will deliver a less sweeping decision next year.

Moore v. U.S. could "basically get rid of, I don't know, a third of the tax code," former House Speaker Paul Ryan has said.

Whether a qualified, disclaimer or adverse opinion is given depends on the nature and scale of the problem, and some states had lots of problems.

The North Dakota governor started his career growing accounting software company Great Plains Software into a company that was acquired by Microsoft for $1.1 billion.

A series of tentative compromises were worked out on spending caps, the defense budget and IRS funding.

Isn't it reasonable to expect that state governments' financial reporting have full accountability and thus, receive clean audit reports? Often, they do not.

House GOP leaders also called for the Justice Department to investigate allegations by an IRS whistleblower involving Hunter Biden.

In the mayoral runoff, Chicago elected Brandon Johnson, a progressive who plans to raise taxes on major corporations to boost the city's revenue.

Billions of dollars available — through subsidies and tax credits — to promote the production and purchase of electric vehicles.

Proposed guidance aims to reduce U.S. reliance on China for batteries and minerals.