Trump tax plan

The Tax Cuts and Jobs Act removed a number of provisions that benefited companies.

Highly paid professionals including accountants, investment managers, doctors and lawyers are eyeing a loophole in what’s supposed to be a mom-and-pop benefit of the new tax law as a way to supersize their savings.

Treasury Secretary Steven Mnuchin’s plan to fix a gaping loophole for hedge funds in President Donald Trump’s new tax law could face legal challenges.

States may receive a major boost in their corporate tax revenues as a result of the Tax Cuts and Jobs Act, according to a new report.

The Internal Revenue Service’s announcement that it plans to issue regulations clarifying the limitations on carried interest aims to head off a flurry of activity aimed at getting around a provision of the Tax Cuts and Jobs Act.

CPAs are seeing more need for financial planning for clients with the passage of the Tax Cuts and Jobs Act.

Flush with cash from President Donald Trump’s tax overhaul and bathing in more earnings than they know what to do with, U.S. companies are embarking on a buyback binge of historic dimension.

The Internal Revenue Service wants taxpayers to make sure they have the proper amount of taxes taken out of their paychecks.

Major corporations have authorized $200 billion in stock purchases in the two months since the passage of the new tax law while more than 55,000 American workers have been laid off, according to Senate Democrats.

Sen. Sheldon Whitehouse and Rep. Lloyd Doggett have proposed legislation in the House and Senate to ensure multinational companies pay the same tax rate on profits earned abroad as they do in the U.S., to counter some of the effects they claim from the Tax Cuts and Jobs Act that Republicans passed last December.