TAX PRO TODAY

Tax Fraud Blotter: Waffles with a side of sham

By Jeff Stimpson       6 min read

Too much for the man; just sign here; candid con; and other highlights of recent tax cases. Read story →

Ex-Credit Suisse bankers say it still aids hidden accounts

By David Voreacos       3 min read

Former Credit Suisse Group AG bankers have told criminal investigators that the bank is still helping U.S. clients hide accounts from the Internal Revenue Service, even after the firm paid $2.6 billion in penalties in 2014 and promised to stop the practice. Read story →

Billionaire in tax-fraud case has dementia, his doctor says

By David Voreacos and Neil Weinberg       3 min read

The self-described “quarterback” of billionaire Robert Brockman’s medical team testified that the 80-year-old Texas software mogul is moderately demented and getting worse, as a U.S. judge weighs whether he is fit to stand trial on charges of evading taxes on $2 billion in income. Read story →

Libor legal fix for phase-out hits hurdle in Congress tax spat

By Erik Wasson and William Shaw       4 min read

U.S. legislation designed to protect trillions in assets from chaos when global regulators phase out the interest-rate benchmark Libor is being held up in the House. Read story →

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2022 and beyond accounting firm technology preview

The latest technologies are making it easier for firms to adapt to the rapid pace of change and handle increased pressures in the accounting profession. Learn more →

World tax talks turn to getting U.S. passage: We’re not ‘stupid’

By William Horobin and Christopher Condon       4 min read

Negotiators hammering out details of a new global corporate tax regime are shaping the deal to maximize its chance of winning acceptance in the U.S. Read story →

What’s in the House-passed tax and spending bill backed by Biden

By Laura Davison, Ari Natter and Alexander Ruoff       5 min read

The House passed a roughly $2 trillion bill incorporating the core of President Joe Biden’s economic agenda — ramping up funding for the social safety net and increasing taxes on corporations and the wealthy — sending it on to the Senate, where it’s likely to be significantly reshaped. Read story →

House passes Biden’s economic plan, Senate fate uncertain

By Erik Wasson and Billy House       6 min read

President Joe Biden’s signature plan to expand the social safety net, address climate change and rewrite tax policies passed the House Friday morning as Speaker Nancy Pelosi united fractious Democrats to send the legislation to the Senate, where its fate remains uncertain. Read story →

SALT analysis finds little middle-class help in Congress’ plans

By Laura Davisonffff       4 min read

Dueling proposals would deliver large tax cuts to the wealthy while failing to do much for middle-income households, according to a new analysis from. Read story →

Pelosi hails ‘historic’ bill as House passes Biden plan

By Erik Wasson and Billy House       4 min read

The House reconvened for the vote Friday after Republican leader Kevin McCarthy delayed action with a more than eight-hour floor speech. Read story →

Ultra-rich skip estate tax and spark a 50% collapse in IRS revenue

By Ben Steverman       2 min read

Just 1,275 families paid $9.3 billion in estate tax in 2020, down from $20 billion from nearly 5,500 families in 2018.  Read story →

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WEB SEMINAR

Using Salesforce to automate the exemption certificate life cycle

Tuesday, November 30, 2021 2:00 PM EST

Most businesses engage in exempt sales, including sales for resale. As tax and finance managers, you may be all too familiar with the complexity of managing exemption certificates within or independently of your Salesforce environment. Learn More →

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Transform your firm using a new model for auditing

Tuesday, January 4, 2022 2:00 PM EST

The audit tools many firms rely on today are inefficient and often lead to common missteps found in peer review.  Learn More →

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Myths & risks of using spreadsheets for lease accounting

In this guide, see how spreadsheets can increase risk and why a purpose-built application matters.  Download Now →

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