Law firm at center of Pandora helped global rich hide money

By Blake Schmidt 4 min read

World leaders, celebrities and more used hundreds of thousands of shell companies in Panama to hide their assets and take advantage of accounting and tax loopholes. Read story →

SALT-cap relief faces rollback as Democrats eye less spending

By Laura Davison 3 min read

Democrats risk settling for a less generous expansion of the state and local tax deduction than previously hoped after President Joe Biden conceded that lawmakers will have to scale back his economic agenda to get it enacted. Read story →

Biden tells progressives he’s open to means-testing

By Emily Wilkins 2 min read

Biden informed Democrats that a separate infrastructure bill would need to wait until the social welfare and tax package was complete. Read story →

Data and analytics for accounting professionals

Democrats’ tax plan upends estate planning using trusts with life insurance

By Lynnley Browning 6 min read

Policies held in grantor trusts would be subject to estate tax under Democrats’ plan, the latest blow to wealth management for the affluent. Read story →

IRS launches 18 new self-study seminars

Russian billionaire to pay $500M for U.S. tax fraud

The biggest revelations from the Pandora Papers

Biden seeks path out of gridlock after resetting clock

U.S. says not so fast in tax-fraud trial of U.S. exec from Russian gas co.