Tax

President Trump plans to make what his staff members called a “closing argument” for tax-overhaul legislation Wednesday as congressional Republicans consider last-minute revisions to key provisions. Here are the latest developments, updated throughout the day.

Business owners and their advisors need to start thinking through what tax reform may mean for their corporate structure.

Facebook Inc. is changing its tax structure so that it will pay taxes in the country where sales are made, rather than funneling everything through its Irish subsidiary.

Lawmakers are re-examining a provision that would roll back subsidies for a big chunk of the municipal-bond market beginning next year, according to House Ways and Means Chairman Kevin Brady.

Bitcoin’s gains and competition; deducting your holiday party; taxing research; and other highlights from our favorite tax bloggers.

Young businesses have until Dec. 31, 2017, to offset research costs from 2016 against their payroll tax liability.

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.