TAX PRO TODAY

New IRS site gives insight into Joint Committee cases

By Jeff Stimpson       1 min read

Certain high-value refunds and credits get sent to the JCT for review. Read story →

Biden battles for budget deal amid Democratic infighting

By Nancy Cook and Billy House       5 min read

The administration is struggling to unite congressional Democrats behind a bill that can pass in the face of united Republican opposition. Read story →

White House decries low taxes for rich as Congress works on plan

By Laura Davison       2 min read

The 400 wealthiest families were able to slash their federal income tax bills to an average rate of 8.2% from 2010-2018 because of preferential capital gains rates.  Read story →

IRS signs three new collection agencies

By Jeff Stimpson       1 min read

The service also noted that it would always notify taxpayers that their accounts are going to collections. Read story →

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AOC's 'Tax the Rich' dress could've used a different slogan

By Matthew Yglesias       3 min read

Paying guests at the Met Gala get to deduct much of the $35,000 ticket price, says Matthew Yglesias. Read story →

In the blogs: Long-standing questions

By Jeff Stimpson       3 min read

Tax rates since WWII; OZs and 5G; Intuit and Mailchimp; and other highlights from our favorite tax bloggers. Read story →

Tech millionaires fear their favorite tax break will be chopped

By Ben Steverman and Kaustuv Basu       5 min read

Qualified small business stock may lose a lot of its value if congressional proposals go through. Read story →

The SALT limitation from a different perspective

By Robert D. Flach       3 min read

Should taxes be 'indexed for geography?' Read story →

Treasury to eye ‘clawback’ of estate and gift taxes from trusts used by the wealthy

By Lynnley Browning       6 min read

The agency will consider whether to require affluent taxpayers to pay tax on transfers to trusts made under higher exemptions that expire come 2026.  Read story →

The tax troubles of travelling entertainers

By Julio Gonzalez       3 min read

From musicians and actors to athletes and film crew, local tax laws create complexity. Read story →

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ASC 842 and GASB 87 – Practical lease accounting examples

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