Tax

The U.S. Treasury Department produced a one-page document Monday that it described as an “analysis of growth and revenue estimates” based on the Senate tax bill, but economists quickly called the document a political statement, not a rigorous economic study.

Tax pros look beyond reform in Washington to start preparing themselves for 2018.

House and Senate Republicans are working this week on compromise tax-overhaul legislation in an effort to send it to President Donald Trump as soon as next week. Here are the latest developments, updated throughout the day.

KPMG has resigned as Liberty Tax’s independent accounting firm amid the continuing fallout over Liberty founder John Hewitt.

Effectively immediately, tax pros must register through a new ID-proofing process.

More than 70 percent of 861 CPAs polled in December by the New Jersey Society of CPAs predicted their individual and family clients in New Jersey would face increased taxes due to the Republican tax plans from both the House and the Senate.

Republican Senator Susan Collins of Maine, a key vote on legislation to overhaul the U.S. tax code, said she’s confident agreements she sought as part of her support will be kept but hasn’t made a final decision about the measure.

The president will add a speech supporting the overhaul plan to his string of tweets.

Congress is giving finance officials at America’s colleges and universities even more to worry about.

A funny thing happened when Congress approved a tax cut for the middle class eight years ago: Most Americans didn’t notice.