Finance, investment and tax-related legislation

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.

New legislation would require the IRS and the SBA to educate businesses on the subject.

An overhaul of the system should appeal to liberals and conservatives alike.

NCCPAP president Steve Mankowki discusses their concerns for preparers and their clients.

The Senate confirmed the new assistant secretary for tax policy just before its summer recess.

The Bipartisan Budget Act of 2015's controversial rules kick in starting on Jan. 1, 2018.

The sharing economy might have to start paying more taxes to the IRS.

The American Institute of CPAs sent a set of tax reform recommendations to Senate Finance Committee chairman Orrin Hatch, R-Utah, as the committee held back-to-back hearings Tuesday morning on tax reform and confirmation of an Assistant Secretary of the Treasury who will be in charge of tax policy and came from a firm that promoted controversial tax shelters.

15 regs, court cases, revenue procedures and other tax-related news practitioners should take note of.

A group of Democrats led by Sen. Elizabeth Warren, D-Mass., and House Ways and Means Committee ranking member Richard Neal, D-Mass., has introduced legislation to allow same-sex couples who were previously barred from filing taxes jointly to now submit amended returns dating back to the year of their marriage.

A bipartisan group of lawmakers has introduced legislation to provide taxpayers more rights to have their cases heard by the Internal Revenue Service’s Office of Appeals.