Taxes May 20, 2025
The proposed regulations provide rules addressing various aspects of the PTEP regime, such as increases and decreases to basis of stock, foreign currency gain or loss, and allocation of foreign tax credits.
Taxes May 20, 2025
President Trump headed to Capitol Hill Tuesday to push squabbling Republican members of Congress in person to set aside differences and pass his sprawling budget bill.
Technology May 20, 2025
The company is now rapidly expanding its reach, actively securing authorization across all U.S. states and major U.S. cities to offer truly nationwide filing.
Taxes May 19, 2025
House Republican leadership is pressing ahead toward a vote on landmark tax-and-spending legislation that would codify President Donald Trump’s agenda this week.
Taxes May 19, 2025
House Republicans have included a proposal in their tax bill to provide a $4,000 federal income tax deduction for lower- and middle-income seniors 65 and over.
Taxes May 18, 2025
“Allowing the top tax rate to expire—returning from 37% to 39.6% for individuals earning more than $609,350 and married couples earning more than $731,200—breathes $300 billion of new life into the effort." Rep. Nick LaLota posted on X.
Taxes May 16, 2025
Although Clyde and other conservatives support the tax cuts in this package, they said they worry that the GOP plan doesn’t go far enough to cut spending and change how Medicaid works.
Taxes May 16, 2025
House Republican leaders couldn’t nail down the votes needed to advance the GOP’s giant budget reconciliation bill out of the Budget Committee on Friday in the face of opposition from a handful of hard-line Freedom Caucus members.
Taxes May 16, 2025
In a new case, an office mix-up authorizing the wrong FedEx service resulted in a missed tax deadline. The Tax Court addressed whether the “equitable tolling” doctrine grants the taxpayer a reprieve.
Taxes May 16, 2025
An expansion of the child tax credit and new “MAGA savings accounts” for children are among the proposals in President Donald Trump’s “One, Big, Beautiful Bill.”
Small Business May 16, 2025
President Donald Trump’s tariffs on China will likely remain at a level expected to severely curtail Chinese exports to the U.S. after the 90-day truce, suggesting Beijing may have to endure further economic pain despite active talks.
Taxes May 15, 2025
Rep. Mike Lawler traded insults with fellow Republican Rep. Marjorie Taylor Greene in a nasty online spat over his push for a higher cap on deducting state and local taxes.