01/02/2020
The remaining agenda covers a wide range of issues affecting both businesses and individuals, including a limit on business interest expense deductions and restrictions on a favorite tax break of hedge fund managers.
12/31/2019
In 2010 congressional Democrats passed then-President Barack Obama’s number one priority—a major overhaul of the U.S. health care system.
12/30/2019
As the Treasury Department prepared to enact the 2017 Republican tax overhaul, corporate lobbyists swarmed — and won big.
12/27/2019
The issue of when states can tax businesses that don’t have a physical presence may head back to the courts in 2020.
12/27/2019
The year-end act also simplifies the excise tax on private foundation net investment income under Code section 4940
12/24/2019
One factor that will reduce audits for some wealthy taxpayers is the increase in the standard deduction and elimination or curtailing of many itemized deductions.
12/22/2019
The Final Regulations are substantially similar to the Proposed Regulations, with several important clarifications and amendments.
12/20/2019
Taxpayers should be aware of these new rules regarding the allocation of foreign taxes
12/19/2019
Before the overhaul, companies were incentivized to keep profits overseas because they owed a 35% tax when bringing it back and could defer payment by keeping funds offshore. The law set a one-time 15.5% tax rate on cash and 8% on non-cash or illiquid ass
12/17/2019
Trusts and wills use “formula” clauses tied to the exemption amount – clauses that can quickly become outdated.
12/16/2019
Tax: a mulled whine?
12/16/2019
The Auditor Change was approved by TDAM's Independent Review Committee
12/05/2019
The agreement bolsters Friedman's technical and organizational resources dedicated to serving high-net-worth individuals, closely held businesses and family office clients.
11/27/2019
At the heart of this shift are thousands of bilateral exchange relationships now in place
11/19/2019
The OECD asserts that the Unified Approach has been developed to “attract support from all members of the Inclusive Framework.” aily-tax-report/insight-23
11/19/2019
The acquisition brings Mercer’s total number of offices to 45 and increases the firm’s total AUM to approximately $17 billion, the release noted.
11/14/2019
It’s known for being the home of Mount Rushmore – and not much else. But thanks to its relish for deregulation, the state is fast becoming the most profitable place for the mega-wealthy to park their billions.
11/12/2019
New OECD proposals on digital taxation would mean a substantial overhaul of Canadian tax rules if they are brought into effect, according to a new report from the C.D. Howe Institute.
11/08/2019
"We believe the value of retirement plans with the potential for tax-deductible contributions will continue to offer advantageous ways for tax-favored retirement savings."
10/25/2019
Thousands of ‘accidental' Americans have been told by their banks that they will lose their accounts unless they provide a US tax number before October 1.