TAX PRO TODAY

Key business takeaways from the COP26 climate summit

By Cathy Koch       3 min read

Businesses want an active role in the climate solution, and tax policy will be on the agenda.  Read story →

Bitcoin’s latest plunge highlights the dangers of a crypto salary

By Misyrlena Egkolfopoulou and Claire Ballentine       8 min read

When was the last time your entire paycheck shrank by more than 20%?  Read story →

Schumer aims to push Biden economic bill through before holiday

By Laura Litvan       2 min read

The goal is increasingly challenged by competing priorities that include raising the debt ceiling and the divisions in the party over the massive tax and spending plan. Read story →

IRS issues latest guidance on ERC

By Daniel Hood       1 min read

With Congress having terminated the Employee Retention Credit, Notice 2021-65 explains what businesses that claimed it need to do. Read story →

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Accountants helping health providers cope with pandemic

By Michael Cohn       6 min read

Doctors and health care organizations are dealing with not only the COVID-19 pandemic and its variants, but also with changing tax laws and accounting standards. Read story →

IRS to allow e-filing of new K-2 and K-3 schedules starting in March

By Michael Cohn       3 min read

The Internal Revenue Service said Friday it will be rolling out the ability to electronically file the new Schedules K-2 and K-3 next year, but not at the beginning of the filing season. Read story →

R&D amortization: Delay the start, but repeal the goal

By Jamie Overberg       3 min read

Eliminating the revenue-raising R&D amortization provision in the 2017 tax reform is the best way forward for U.S. innovation. Read story →

Yes, you can still hide bank accounts offshore

By Alexis Leondis       3 min read

The government has worked hard over the past decade to stop Americans from hiding bank accounts offshore. But not hard enough.  Read story →

Trump’s niece says his suit over tax story violates N.Y. law

By Erik Larson       3 min read

Mary Trump said her uncle’s lawsuit over her role as a source for a report on the former president’s tax avoidance violates a law against frivolous litigation.  Read story →

SALT-cap negotiations falter, dimming hopes for a deal this week

By Laura Davison and Kaustuv Basu       2 min read

Senate Democrats negotiating an expansion of the state and local tax deduction aren’t near a deal, raising the prospect that talks will spill into next week — and potentially next year. Read story →

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