Tax

President Donald Trump is confident that House Republican leaders have the votes to pass their version of a tax overhaul, and he’ll thank members of the GOP conference and field their questions on a visit to the Capitol this morning, a senior administration official said.

House Republicans passed their tax-overhaul bill on Thursday as Senate tax writers sent their proposal to make individual breaks temporary and repeal a key part of the Obamacare law to the Senate floor. Here are the latest developments, updated throughout the day:

A federal jury in Boston has convicted a Miami CPA on multiple counts of tax fraud and obstructing the Internal Revenue Service, but he is vowing to appeal.

Senate Republicans have tossed a potential bomb in the middle of their tax overhaul bill.

In Vanuatu, a remote archipelago in the South Pacific, a popular tourist attraction is something called land diving. Villagers on the lush outer island of Pentecost jump headfirst from a tall wooden tower with tree vines tied to their ankles to break their fall. For the divers, the rite of passage is a plunge into the unknown—and that’s not a bad metaphor for where this secretive tax haven is headed these days.

The partnership hopes to encourage tax firms to expand their practices with the new offerings.

The company’s third annual conference will focus on the future of tax compliance.

Here are the latest developments, updated throughout the day.

House Speaker Paul Ryan said temporary provisions in the GOP tax bill won’t really go away in a few years—he predicted that future Congresses will preserve them, and he didn’t mention the impact that would have on the federal deficit.

The two tax plans right now; bad bets; the future of audit; and other highlights from our favorite tax bloggers.