Businesses and individuals may get major tax breaks if President-elect Donald Trump can successfully meld his own tax proposals with similar ones favored by House Republicans.

Donald Trump’s surprise election Tuesday as U.S. president means the repudiation of Barack Obama’s legacy and a strong likelihood Republicans will undo many of his accomplishments, including Obamacare and trade deals, and seek tax cuts for the rich.

Donald Trump has already done the impossible by winning the presidency, but once he takes office he may have to do so again – by finding a way to pay for the across-the-board tax cuts he promised during his campaign.

Highlights of some of our favorite tax-related blogs from the past week.

Businesses that want to accelerate year-end deductions by buying machinery and equipment have a formidable array of tax tools to work with this year, including generous expensing under Section 179 of the tax code. Here’s how to make the most of Code Sec. 179 expensing.

Accounting firm Marcum LLP has released its 2016 Year-End Tax Guide.

The Internal Revenue Service is opening up its detailed tax data to researchers outside the federal government who can make use of the information in their studies.