TAX PRO TODAY

In the blogs: The ‘fun’ in ‘funding’

By Jeff Stimpson       3 min read

What pros are making; getting clients to pay; keeping the SALT cap; and other highlights from our favorite tax bloggers. Read story →

Americans have over $460B in college savings. It’s not enough

By Alexandre Tanzi       1 min read

The average plan holds less than $29,000, which would pay for about half of a year at the average private university or a year or more at a public one. Read story →

Senate poised to pull nation back from default brink, for now

By Laura Litvan, Erik Wasson and Mike Dorning       5 min read

While the immediate threat of a default would recede, the deal would merely delay the fight to December.  Read story →

Biden team seeks to pare back economic agenda in strategy shift

By Nancy Cook and Billy House       4 min read

The president has warned progressives that they will have to temper expectations for the final legislation. Read story →

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Service levels hit new lows at swamped IRS

By Roger Russell       3 min read

The agency is working on the problems, but is continually being inundated with phone calls and tax returns. Read story →

Hidden tax dangers and benefits of a remote workforce

By Jennifer Stein       5 min read

For accounting offices and mobility leaders, the realities of managing a remote workforce, both positive and negative, are setting in. Read story →

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 →

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 →

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