Finance, investment and tax-related legislation

The Senate version of the Republican tax bill would tax wealthy private college endowments at 1.4 percent of net investment income, the same levy as the House proposal introduced last week.

The Senate tax bill that’s due to be released Thursday won’t include an excise tax on certain payments U.S. multinationals make to overseas affiliates, according to a person familiar with the legislation.

The Tax Cuts and Jobs Act makes major changes to individual income taxation.

The chairman’s mark-up of the act is only the start of the wrangling.

Outgoing Internal Revenue Service Commissioner John Koskinen foresees problems with tax reform if major provisions apply to the current tax year and predicted the agency would need more funding from Congress to implement the legislation if it passes.

The document consolidates the 429 page proposed plan into an easy to read highlights reel.

The complexities proposed in the Tax Cuts and Jobs Act gives practitioners plenty to talk to their clients about.

A quick look inside the proposed Tax Cuts and Jobs Act

House Republicans narrowly adopted a budget resolution Thursday unlocking a fast-track process to achieve their long-sought goal of cutting Americans’ taxes by the end of the year. The next step will be releasing a draft tax measure as early as Nov. 1.

Senate Republicans kicked off their tax debate Wednesday by killing two Democratic proposals that sought to draw a line against tax breaks for the wealthy.

The House took a giant step on the path of tax reform by adopting a budget resolution for fiscal year 2018, while the Senate Budget Committee advanced its own version.

Congressional leaders expect heavy lifting ahead.

Even the most drastic changes to the Internal Revenue Code won’t diminish accounting and tax pros’ needs for tools that deliver in-depth, accurate info.

The House passed legislation Thursday that provides some tax relief to victims of the recent spate of hurricanes.

Senate Finance Chairman Orrin Hatch is downplaying the prospect that the White House and congressional Republican leaders will be able to deliver a unified framework for tax legislation next week, as other officials have promised.

The Internal Revenue Service will be taking steps to deter the risk of employment tax fraud by professional employer organizations beyond the certification process it established in recent years, according to a new report.

The House unanimously approved a bill late Tuesday to discourage the Internal Revenue Service from using civil asset forfeitures to seize money and property from taxpayers.

The Internal Revenue Service is giving some relief from penalties to partnerships that filed their 2016 tax returns too late this year.

Tax experts examine Republicans' Joint Statement for clues to possible changes.

The framework issued by the 'Big Six' is thin on specifics.