Tax

President Donald Trump's recently enacted tax and spending law will add $3.4 trillion to U.S. deficits over a decade and leave millions without health care coverage, according to a new estimate from the nonpartisan Congressional Budget Office.

The new Trump tax law and the expanding scope for automation are creating major opportunities for tax credit experts.

Big rigged; fearsome foursome; NYPD blue; and other highlights of recent tax cases.

Whether clients are investing in commercial buildings, launching new ventures or improving existing properties, they have fresh opportunities for accelerated deductions.

Tax compliance solutions provider Sovos announced new AI capacities, called "Sovi," not as a standalone feature, but as an intelligent layer embedded throughout the compliance lifecycle.

The IRS is reevaluating how to gauge the more than 150 taxpayer service improvement projects it had been pursuing before staffing and budget cuts this year.

The IRS's progress in improving tax compliance in recent years has been threatened by cuts in funding and hiring, according to a new report.

Eliminating federal incentives threatens to upend the U.S. energy industry by hampering the rollout of wind and solar.

Plus, Sage launches Tap to Pay feature; UHY offers CCMP accelerator courses; and other accounting technology news and updates.

Selling the OBBBA to the American people may prove to be tougher than passing it, even for a president who built a career on savvy branding.