Tax

New York Governor Andrew Cuomo announced plans Thursday to target a tax break for investment fund managers in his state.

The Financial Accounting Standards Board released a proposed accounting standards update Thursday to help organizations reclassify some of the stranded income tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act that President Trump signed into law last month.

European Union regulators reacted coolly to Apple Inc.’s move to repatriate hundreds of billions of overseas dollars to the U.S., saying “nothing has changed” in its order for the iPhone maker to pay back taxes to Ireland.

The software has been updated to make the tax workflow for small business contractors easier.

Fiscal-year companies and their accountants will have some calculating to do.

Farewell, Ireland: it looks like corporate America will finally bring that cash home.

New York state would end income taxes on wage earners and make up the revenue with an employer payroll tax that’s federally deductible as part of a restructuring plan that Governor Andrew Cuomo is recommending to mitigate harmful effects of the new U.S. tax code.

GOP leaders in the House are testing whether rank-and-file Republicans will support a stopgap funding measure to keep the government open that also would delay some Obamacare taxes and provide money for a children’s health insurance program, lawmakers said.

Repositioning real estate; state-level changes; the future of prep; and other highlights from our favorite tax bloggers.

Bloomberg Tax and Paychex have updated their technology to take into account the sweeping changes in the Tax Cuts and Jobs Act.