Tax

Select falsehoods; buffet of crime; unmerrie melodies; and other highlights of recent tax cases.

Thomson Reuters Checkpoint Catalyst has published an analysis of the new Section 199A qualified business income deduction for pass-through entities ushered in by the Tax Cuts and Jobs Act.

Moving through tax season affords accounting professionals an excellent platform to educate your clients about how best to approach their long game.

Leaders of tax enforcement authorities from the five countries have allied to create the Joint Chiefs of Global Tax Enforcement (or J5), to collaborate in fighting international and transnational tax crimes and money laundering.

Charles Rettig, President Donald Trump’s nominee to head the IRS, omitted mention on a disclosure form that the two rental properties in Hawaii in which he has a stake are at a Trump-branded resort, according to a memo by the top Republican and Democrat on the Senate Finance Committee.

Charles Rettig, a tax lawyer who is Donald Trump’s pick to lead the IRS, told lawmakers Thursday he’d never represented a client who has been under a continuous agency audit for a decade, as is the case with the president, and that he doesn’t know any details of the review.

The service has set a five-year strategic plan and goals

The House Ways and Means chairman hopes to begin circulating draft legislation this summer, but only among his Republican colleagues. He envisions tax reform 2.0 as a package of three or four bills, instead of a single piece of legislation like the Tax Cuts and Jobs Act that Congress passed last December.

The Internal Revenue Service has been leading the charge on investigations of Bitcoin users, with more on the way now that it has access to information from at least 14,000 customers of Coinbase.

President Donald Trump’s nominee to lead the Internal Revenue Service, Charles Rettig, has spent decades helping wealthy and famous people fight the agency’s efforts to collect taxes.