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New York state will stop basing its capital gains tax on federal government regulations if President Donald Trump follows through on his proposed unilateral change in how the levy is determined, Governor Andrew Cuomo said.
August 9
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When the owner of a financial-services firm in Connecticut saw the U.S. tax overhaul pass in December, capping state and local deductions, he packed his bags. Now he lives in South Florida, soaking up the sun and some serious annual savings.
August 9
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Senate Majority Leader Mitch McConnell’s new top economic policy aide has a complicated checklist: oversee implementation of the new tax law and mitigate the damage of impending trade disputes.
August 9
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The Internal Revenue Service provided some long-awaited answers for business owners hoping to dodge the limits on a juicy new tax break.
August 8
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Facing the loss of a valuable deduction, high-tax states file a lawsuit.
August 7
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There’s bad news for companies that may have accidentally overpaid this year’s "repatriation" taxes on foreign profits: they won’t be getting a refund.
August 7
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Most clients are unaware of the proposed new 1040 – and practitioners are unimpressed.
August 7
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Banks were among the top beneficiaries when Republicans slashed corporate taxes in December to stoke the U.S. economy. So how are the nation’s largest financial institutions treating employees, customers and investors?
August 7
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The Tax Cuts and Jobs Act expanded eligibility for the method.
August 7
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The Treasury Department and the Internal Revenue Service proposed regulations Friday to increase and expand the first-year depreciation deduction for qualified property from 50 to 100 percent, carrying out a provision of the Tax Cuts and Jobs Act.
August 3
