Tax reform

Empire State taxpayers sent about $24 billion more to the federal government last year than they got back in spending.

The American Institute of CPAs presented testimony Tuesday during a hearing conducted by the Treasury Department and the Internal Revenue Service about the proposed regulations for implementing the qualified business income rules under the Tax Cuts and Jobs Act.

The issue hasn’t been the political boon party leaders hoped it would be.

U.S. corporations have largely abandoned the contentious deals that allowed them to shift their addresses abroad for a lower tax rate. Yet a key part of the transactions is continuing quietly even after President Donald Trump’s tax overhaul.

Whether you’re at a Big Four firm, a regional firm or a sole practitioner, you have the potential to be a rainmaker.

Have you discovered the latest and greatest tax planning strategy? Before suggesting it to clients, consider the ever-persistent loophole cycle.

The tax law gave a last-minute windfall to commercial property owners such as President Donald Trump. But regulations proposed by the Internal Revenue Service could diminish the benefit.

Global economic confidence among accountants declined sharply in the third quarter, reaching its lowest level since early 2016, according to a survey released Thursday by the Association of Chartered Certified Accountants and the Institute of Management Accountants.

Harvard University’s $39.2 billion endowment has reached a record value. So did Yale. And Brown. And Dartmouth.

Tax advantages for bonds funding private hospitals and sports stadiums survived last year’s tax overhaul thanks to an eleventh hour compromise. The securities may be headed for a decline anyway.

Tax pros weigh in on which aspects of the TCJA are of most concern.

The IRS is warning that taxpayers need to file the election by Oct. 15.

In the wake of the TCJA and other legislative uncertainty, access to reliable information is more important than ever.

The Internal Revenue Service is giving businesses a tax break they thought they had lost in the tax overhaul last year — write-offs for wining and dining clients.

The three bills have varying chances of success, and some high hurdles in the Senate.

The Internal Revenue Service released guidance Wednesday on the business expense deduction for meals and entertainment in the wake of the Tax Cuts and Jobs Act.

The legislation would make permanent the 2017 tax breaks for individuals and pass-through businesses which otherwise would expire at the end of 2025.

The Internal Revenue Service and the Treasury Department intend to issue proposed regulations providing that the market discount on a bond isn’t includible in income, according to a section of the new tax law.

Legislation relating to family savings and startup expensing passed in one chamber of Congress, but is not likely to go through in the Senate before the end of the year.

The new tax law is leading to missed deadlines and a shortened cycle for the IRS.