Regulation and compliance
Regulation
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Democratic presidential candidates like Joe Biden and Kamala Harris have talked about repealing the GOP’s tax overhaul. Yet a large-scale rollback is unlikely. Instead, two other forces could slowly unravel the law — Democrats currently in power in the House and President Donald Trump’s trade policies.
June 19 -
Congress is considering plenty of bills -- how many will be passed is another question.
June 17 -
Multinational corporations got some long-awaited clarity from the IRS, which issued new rules on Friday clarifying how they must compute a new international tax.
June 14 -
If liberal and conservative advocacy groups can agree on anything, it’s this: A suite of more than three dozen or so corporate tax breaks that have expired over the past two years should stay dead.
June 14 -
The Senate passed the far-reaching package only days after it passed the House for the second time, sending it to President Trump’s desk for his signature.
June 13 -
The Governmental Accounting Standards Board has proposed some new guidance on the accounting and financial reporting for public-private and public-public partnership arrangements, along with availability payment arrangements.
June 13 -
New York, New Jersey and Connecticut have been fighting a new cap on state and local tax deductions ever since it was included in the 2017 Republican tax overhaul.
June 13 -
PricewaterhouseCoopers was fined 4.55 million pounds by the U.K.’s accounting watchdog over failings in its handling of technology firm Redcentric.
June 13 -
Luca Pacioli’s groundbreaking text on bookkeeping, accounting and mathematics sold for $1,215,000 at an auction Wednesday at Christie’s in New York.
June 12 -
A special early draft of the IRS publication on federal income tax withholding gives employers an advance look at the changes in the new Form W-4.
June 12 -
Bloomberg Tax & Accounting has added support for the new lease accounting standard under International Financial Reporting Standards to its product, which already supports the ASC 842 standard under U.S. GAAP.
June 11 -
States like New York and New Jersey that hoped to help residents circumvent the new $10,000 limit on state and local taxes won't be able to do so.
June 11 -
The House voted for a second time to approve bipartisan legislation to overhaul key aspects of the way the IRS operates, but without a controversial provision.
June 11 -
The president’s personal lawyers told the court it must reverse a judge’s ruling allowing the House Oversight and Reform Committee to subpoena financial records from his accounting firm.
June 11 -
The American Institute of CPAs submitted more than 140 recommendations to the Internal Revenue Service regarding its 2019-20 Guidance Priority List.
June 10 -
The TCJA and taxpayer confusion led to more returns than normal being scheduled for after April 15.
June 10 -
Clawbacks on incentive-based compensation for executives could lead to misconduct and misreporting of financial results, according to a new academic study.
June 7 -
The president's trade wars have already elimianted all but $100 of the average American household’s windfall from Trump’s 2017 tax law. And that’s just the beginning.
June 7 -
Former Hewlett-Packard Co. head Meg Whitman was accused of "trashing" the reputation of Autonomy founder Mike Lynch without understanding whether fraud had been committed at the firm he sold for $11 billion.
June 7 -
Sen. Ron Wyden, D-Ore., introduced the legislation in response to the recent college admissions scandal.
June 6


















