Tax

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IRS does not acquiesce to real estate professional holding ... IRS issues procedure granting automatic approval for certain defined benefit plan funding method changes ... California wildfire victims have a tax extension

Congress passes tax reform

The House of Representatives reapproved tax reform legislation on Wednesday, sending the bill to President Donald Trump for his signature.

Senate passes tax reform bill

In the early hours of Saturday morning, the U.S. Senate passed its version of the Tax Cuts and Jobs Act bill by a vote of 51–49.

Tax compliance after M&As

Companies can follow these steps to make sure an M&A transaction complies with all tax requirements.

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LB&I taxpayers can base R&D credit expenses on financial statements ... IRS proposes allowing partial SSNs on W-2s ... IRS to again rule on general tax consequences of tax-free transactions

SPONSORED REPORT

6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.

PODCAST

How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.