Tax

Private sector employers added 250,000 jobs last month, according to payroll giant ADP, as businesses took advantage of the roaring economy and the prospect of tax cuts in the New Year.

Washington, D.C.’s city government collected more than $50 million in prepayments of 2018 property taxes from about 7,500 taxpayers, said David Umansky, a spokesman for the city’s Chief Financial Officer Jeffrey S. DeWitt.

Before the ink was dry on the Republican tax bill signed into law late last month, experts predicted that state governments would try to shield their residents from tax hikes they’ll suffer from a sharp reduction in state and local deductions.

State governments are worried about the potential loss of tax revenue after passage of the Tax Cuts and Jobs Act and may be forced to restructure their tax laws.

New York Governor Andrew Cuomo said his administration plans to sue the federal government over the new Republican tax law, on the grounds that it’s unconstitutional because it discriminates against New York and other states that voted against President Donald Trump.

Users of the tax automation software can now access four more sales management features.

Donald Trump’s Christmas present to U.S. equity investors will be a big one, if history is any guide.

Reform’s effect on tax-exempts; hitting the marketing balance; Bozo of the year; and other highlights from our favorite tax bloggers.

For a limited time, participating locations will file 1040EZs for free.

A roundup of influential and important legal decisions from the past year.