Tax

Retailers are hoping to entice back-to-school shoppers this summer.

A group of 16 House Democrats has sent a letter to the Financial Accounting Standards Board asking it to require multinational companies to disclose more country-by-country reporting information in their public financial statements about where they pay taxes and book profits.

The president may fall short of a single major legislative accomplishment in 2017.

Only 4 percent of respondents to a new poll see taxes as the most important issue facing the country.

Senate Majority Leader Mitch McConnell’s new proposal to simply repeal Obamacare appears to be dead less than 24 hours after he dropped his replacement plan for lack of support among fellow Republicans.

The Internal Revenue Service and its tax industry partners warned tax professionals Tuesday that takeovers of tax professionals’ accounts by cybercriminals are on the rise.

The American Institute of CPAs sent a set of tax reform recommendations to Senate Finance Committee chairman Orrin Hatch, R-Utah, as the committee held back-to-back hearings Tuesday morning on tax reform and confirmation of an Assistant Secretary of the Treasury who will be in charge of tax policy and came from a firm that promoted controversial tax shelters.

The Internal Revenue Service’s Modernized e-File Production and Assurance Testing Systems will be unavailable on Saturday, July 22, and again on Saturday, Aug. 5.

ID theft keeps on rolling; will Trump prune the IRC?; the accountant of 2022; and other highlights from our favorite tax bloggers.

Finance Minister Bill Morneau is proposing tax changes that would close loopholes often used by doctors and lawyers to reduce their tax burden, part of the Canadian government’s pledge to level the playing field for middle-income earners.