| By Shaun Hunley 3 min read | The rescue package has a provision geared toward health care that may be impactful for Americans still trying to dig their way out of the difficulties brought about by the pandemic. Read story → |
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| | | By William Horobin and Isabel Gottlieb 2 min read | Technology hardware, health care and pharmaceutical companies would be most impacted by U.S. proposals to rewrite international tax rules, according to a new analysis. Read story → |
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| | | By Allyson Versprille and Colin Wilhelm 4 min read | The dilemma represents another challenge with the special legislative process known as budget reconciliation. Read story → |
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| | | By Nancy Cook and Laura Davison 4 min read | The Biden administration’s proposal to dramatically expand the inheritance tax bill for wealthy Americans is running into some headwinds with Democrats on Capitol Hill, showcasing nervousness about the scope and size of elements of the White House’s ambitious tax plans. Read story → |
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| Join this 1-hour webinar and learn about some of the latest software and technologies which are helping the accounting industry move forward. Hosted by Accounting Today. Register Now → |
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| | | By Lynnley Browning 5 min read | President Biden releases his annual budget on May 27, a move likely to detail his plans to increase the capital gains tax rate and eliminate a lucrative benefit for inherited estates. Read story → |
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| | | By Michael Cohn 4 min read | The court unanimously ruled against the service in a decision enabling taxpayers to sue over a tax regulation, even before any penalty has been assessed. Read story → |
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| | | By Christopher Condon and Ilya Banares 2 min read | Business groups were unmoved by the Treasury Secretary’s call for U.S. companies to accept higher taxes in return for a huge public investment in infrastructure aimed at boosting the American economy. Read story → |
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| | | By Erik Larson and Greg Farrell 2 min read | Investigators have been trying to determine whether the company gave an accurate valuation for its Seven Springs property when it served as the basis for about $21.1 million in tax deductions for donating a conservation easement for the 2015 tax year. Read story → |
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| | | By William Horobin 3 min read | A proposal to create a more coherent tax regime for the bloc would require unanimity among its 27 member states. Read story → |
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| | | By Jeff Stimpson 3 min read | The ARP and local aid; advocating for higher taxes; a question of dependency; and other highlights from our favorite tax bloggers. Read story → |
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