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No more paper checks; death and tax debt; the perfect time to onboard software; and other highlights from our favorite tax bloggers.
May 20 -
The bill would levy a 5% tax on remittances for noncitizens and foreign nationals, on top of a roughly 5% to 10% fee already charged on the payments.
May 20 -
In a private meeting, Trump singled out the lawmakers from New York, New Jersey and California who have rejected the $30,000 deduction limit.
May 20 -
With the number of extensions, many practitioners are seeing tax season continue through the summer and fall.
May 20Wolters Kluwer Tax & Accounting -
The U.S. Government Accountability Office created a list of questions for policymakers' oversight of the energy tax expenditures in the 2022 Inflation Reduction Act.
May 19 -
The American Institute of CPAs is asking accountants to call on congressional representatives to stop "unfair targeting" of pass-throughs like CPA firms.
May 19 -
The vote in the House Budget Committee paves the way for passage of the legislation as soon as Thursday,
May 19 -
What the senators call "unusually timed contributions" came in immediately after Donald Trump named Billy Long as his pick.
May 18 -
President Donald Trump called on members of his party to unite behind his economic agenda in Congress, putting pressure on factions of lawmakers who are calling for last-minute changes to the legislation to drop their demands.
May 16 -
Hard-line conservatives bucked President Donald Trump and blocked the massive tax bill over cost concerns.
May 16