American Institute of CPAs president and CEO Barry Melancon issued a statement Wednesday following passage by Congress of the Tax Cuts and Jobs Act expressing disappointment that the bill doesn’t give CPA firms the same favorable tax treatment provided to other pass-through entities.

House Republicans passed the most extensive rewrite of the U.S. tax code in more than 30 years—hours after the Senate passed the legislation—handing President Donald Trump his first major legislative victory.

A pivotal moment in the Republican party’s drive for tax overhaul legislation came in September, when two GOP senators agreed that tax cuts could add $1.5 trillion to deficits over 10 years, said Senate Majority Leader Mitch McConnell.

If you’re confused by how the Republican tax bill will affect you, you’re not alone.

The impact of the biggest overhaul of the U.S. tax code in three decades will spread far and wide starting next year, highlighted by a cut in the corporate rate to 21 percent from 35 percent, fully allowable deductions for capital expenses and lower levies on repatriating overseas profits.

White House economic adviser Gary Cohn said he was dumbfounded by the unpopularity of the Republican tax bill, and claimed that President Donald Trump fought unsuccessfully to strip a provision that mostly benefits wealthy investors.

Republicans are on the brink of passing the most extensive rewrite of the U.S. tax code in more than 30 years—but it’s not yet clear when President Donald Trump will actually sign the bill.

Potential state-by-state effects of the tax reform bill; filing for the dead; the real power of IRS notices; and other highlights from our favorite tax bloggers.

Democrats are seeking a symbolic victory that would force Republicans to strike the GOP’s preferred title for its bill—The Tax Cuts and Jobs Act—according to Senator Bernie Sanders’s office.

Senate Republicans passed the most extensive rewrite of the U.S. tax code in more than 30 years, a bill that delivers a deep, permanent tax cut for corporations and shorter-term relief for individuals.

Republican Senator Susan Collins ripped news coverage of her decision to vote for the GOP tax-cut bill as "unbelievably sexist" on Tuesday.

The GOP tax reform act will create plenty of work for practitioners.

President Donald Trump could benefit from some of the business provisions in the tax bill that could be headed for his signature this week, White House Press Secretary Sarah Huckabee Sanders said Tuesday.

Congress is close to lifting a 40-year-old ban on energy development in Alaska’s Arctic National Wildlife Refuge, but drilling for oil in that frozen wilderness may still be years away as the effort faces exhaustive environmental reviews and likely lawsuits.

House Republicans passed a sweeping tax overhaul that delivers a deep, lasting cut for corporations and temporary benefits for individuals, putting President Donald Trump one step away from his first major legislative victory.

Two Federal Reserve officials, both former Goldman Sachs Group Inc. executives, expressed doubt corporate tax cuts under consideration in Congress will lead to an investment or hiring boom.

The tax reform bill heading toward passage in Congress is likely to help the bottom lines of many companies with lower taxes, but a new academic study suggests the impact on CEOs could have mixed results.

The Republican tax plan will erode the foundation of Puerto Rico’s most important industry and politicians who support it will pay a price at the polls, local officials said over the weekend.

Steinhoff International Holdings NV assembled a crisis team of insiders to try to rescue the global retailer amid a crunch meeting with bankers that may determine the company’s future.

Congressional Republicans kicked off the final leg of their six-week legislative sprint to overhaul the U.S. tax code and deliver a major policy victory for President Donald Trump before year’s end. The House is scheduled to vote Tuesday on the tax bill and Senate leaders intend to bring the measure up as soon as they get it.