Tax code

Congressional leaders and Trump administration officials have been meeting in secret to try to reach a united front for rewriting the U.S. tax code.

Early timelines were ‘overly optimistic,’ but there’s still a strong possibility of change, experts say.

The president is directing the Treasury to review regs to see if they’re too burdensome.

Four-fifths of CPAs and accounting pros also expect the new administration to pursue tax reform.

The IRS characterized the earnings as resulting from the employee’s years of work at a company.

Republican tax-writers have become tight-lipped about their schedule for advancing what they’ve called the biggest overhaul in three decades.

Bloomberg BNA’s Daily Tax Report released its 2017 Outlook, forecasting major changes to tax and accounting policies under the incoming Trump Administration and a Republican Congress.