TAX PRO TODAY

A post-tax season IRS update

By Roger Russell       4 min read

The service offered highlights of tax season, the latest on stimulus packages, and more. Read story →

New tax regime won’t push big tech companies out of Ireland

By Ivan Levingston and Siddharth Philip       3 min read

Big tech companies and other industries that have bunkered down in Europe’s tax havens are unlikely to shift their bases under the proposed global minimum tax regime as markets like Ireland still offer more corporate perks than wealthier neighbors. Read story →

Small business cries foul as states tax their federal bailouts

By Bryce Covert       6 min read

Some in Washington have slammed states for what they consider kicking their own residents while they’re down — against the intent of Congress.  Read story →

Want to sell the family business? Brace for a huge tax bill under Biden’s proposals

By Lynnley Browning       5 min read

Even with a 15-year window to pay taxes, a near-doubling of the capital gains rate and the elimination of the step-up in basis loophole will make a sale expensive. Read story →

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U.S. billionaires faced tax rates as low as 0%: Report

By Christopher Kingdon       1 min read

Several of the world’s most prominent billionaires paid minimal or no federal income tax in some years, ProPublica reported. Read story →

G-7 deal to tax companies more will affect climate policy

By Akshat Rathi       3 min read

Some of the world’s most powerful heads of state will meet in England later this week to confer on the biggest issues facing humanity.  Read story →

IRS mailing millions of letters about Child Tax Credits

By Michael Cohn       4 min read

The Internal Revenue Service is sending letters to over 36 million families about how they may be able to qualify for monthly Child Tax Credit payments, beginning in July. Read story →

HR copes with tax challenges of remote work

By Michael Cohn       5 min read

The work-from-home environment is producing tax complexities for companies and their human resources departments. Read story →

Big tech watches tide turning on taxes after its years of plenty

By Nico Grant and William Horobin       4 min read

A tax deal between the world’s richest countries brings global governments a step closer to clawing back some power from technology giants that have used century-old regimes to build up wealth eclipsing the economies of most nations. Read story →

Global tax floor at 15% is significant step, says OECD sec gen

By William Horobin       2 min read

Small countries, including Ireland, have expressed concern about a global deal that could undermine their efforts to attract multinationals. Read story →

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How mid-sized accounting firms are scaling with technology

Tuesday, June 8, 2021 12:00 PM EDT

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