Tax

Even the most drastic changes to the Internal Revenue Code won’t diminish accounting and tax pros’ needs for tools that deliver in-depth, accurate info.

The Halloween tax; death during dishonor; define ‘gambler;’ and other highlights from our favorite tax bloggers.

The White House is showing “softness” on ending a $1.3 trillion federal tax deduction filers get for their state and local taxes, Senator Bob Corker said Monday, warning that it raises questions about the GOP’s “intestinal fortitude” and could imperil a tax overhaul.

The treatment of pass-throughs and how their income is taxed is a major issue for legislators.

Almost $120 billion remains outstanding for all cases, including those that are taxation-related.

Most other aspects of the system will remain operational.

The next window of tests for three credentials for accountants and tax pros starts in less than a month.

On the last page of a nine-page tax plan that calls for slashing business rates, President Donald Trump and congressional Republicans proposed a little-noticed, brand-new tax that may hit companies like Apple Inc. and Pfizer Inc.

Trump isn’t tied to eliminating the break, which is popular in states with high rates, like New York, New Jersey and California.

By 2027, almost 30 percent of individuals with incomes between $50,000 and $150,000 would see their taxes rise under the elements of a Republican framework for tax legislation released this week, according to an analysis released Friday by the Urban-Brookings Tax Policy Center.