Tax

Treasury Secretary Steven Mnuchin confirmed the administration will propose a corporate tax rate reduction to 15 percent and said lawmakers broadly agree on the need for a tax overhaul, citing a “very successful meeting” on Tuesday evening in Washington.

President Donald Trump’s expected call to slash the corporate tax rate to 15 percent—a number that many economists say would boost the deficit so much that the cut would be short-lived—may be less about policy and more about deal-making.

Tax breaks for the profitable; how long to keep tax docs; unenrolled preparers; analytical procedures for auditors; other highlights from our favorite tax bloggers.

The Internal Revenue Service said Tuesday it received 135.6 million returns this tax season after a late burst of tax filings in the final week.

Traders are about to get an idea of how far the president will go to stimulate the economy, after months speculating over the timing and size of his tax plan.

There are two different programs to help taxpayers with the cost, and more may be on the way.

The president’s plan to slash the rate to 15 percent is setting up a showdown with the House Speaker, who has called for a tax plan to pay for itself.

Even without any specific tax-reform proposals, President Donald Trump’s pledge to revamp U.S. policies is already affecting the solar industry, and not in a good way.

The U.S. has opted out of certain international bank reporting rules, and that may be of interest to high-net-worth individuals overseas. Venable’s Friedemann Thomma explains what this might mean for U.S. tax professionals and accountants.

Observers are starting to move their predictions for change back to 2018.