Tax research

The main tax revenue for U.S. states declined by an average of almost 2 percent during the last three months of 2018 from the same quarter a year earlier.

Some of the states that are paying the highest amounts in federal taxes are also the ones that will be hurt the most by the $10,000 limit on the SALT deduction.

The agency is subjecting a relatively small percentage of wealthy taxpayers to tax audits, and less than half of the biggest corporations in the U.S.

Prior to the Tax Reform Act of 1986, the tax code was full of loopholes that individuals could take advantage of, especially movie stars.

Tax advisory revenue at professional services firms expanded 8.6 percent to $20.3 billion in 2017, and grew by around $5 billion in just the three years from 2014 to 2017, according to a new report.

Complicated corporate tax planning tactics can produce uncertainty about taxes, in addition to the basics of company operations and finances.

Federal and state governments are not yet “on the same page” with respect to all aspects of the tax and legal treatment of marijuana.

Major legislative and judicial change make knowing where to get answers to tax questions all the more important this year.

Enhancements to the tax research platform include integration with Microsoft’s voice assistant technology.

The system uses artificial intelligence and predictive analytics to deliver the latest tax news and insights to affected clients.

In the wake of the TCJA and other legislative uncertainty, access to reliable information is more important than ever.

Bloomberg Tax and Thomson Reuters have released their projections for a variety of tax-related items that are subject to change each year, particularly after last year’s big tax overhaul.

The Internal Revenue Service updated the information on its website about the Tax Cuts and Jobs Act to help taxpayers and practitioners better understand tax reform.

It’s easy to be outraged about multinational corporations’ shifting of profits to tax havens, but much harder to figure out how to stop them from doing it without hurting the economy. Evidence exists that curbing tax avoidance opportunities makes these firms move actual jobs, not just accounting profits, overseas.

In many cases, the profitable sale of a second home will result in a tax-favored capital gain.

Despite the uptick in interest rates, an improved economy may lead to a resurgence of interest in vacation or second homes.

Thomson Reuters Checkpoint Catalyst has published an analysis of the new Section 199A qualified business income deduction for pass-through entities ushered in by the Tax Cuts and Jobs Act.

Wolters Kluwer Tax & Accounting is leveraging Microsoft’s Cortana voice assistant to add voice-enabled search to its CCH AnswerConnect tax research product.

Thomson Reuters has introduced the Checkpoint Tax Cuts and Jobs Act Toolkit to help accounting firms advise clients about the new tax law.

Corporate tax rates are falling around the world. Inequality expert Gabriel Zucman questions the conventional wisdom that they will goose investment and economic growth.