TAX PRO TODAY

Taxpayer Advocate prods IRS to improve service, reduce backlog

By Michael Cohn       6 min read

National Taxpayer Advocate Erin Collins pointed to continuing backlogs at the Internal Revenue Service and difficulty reaching telephone assistance in a report to Congress Thursday. Read story →

Financial firms poised to be exempt from new global tax rules

By Alex Morales and Laura Davison       1 min read

Financial-services companies are set to be exempt from a global plan to make multinational firms pay more tax to the countries where they operate, in a win for U.K. Chancellor of the Exchequer Rishi Sunak. Read story →

Global tax talks in sprint for deal as hurdles endure

By Isabel Gottlieb and William Horobin       4 min read

Negotiations among more than 100 countries to overhaul global taxation are facing key questions as rich nations seek to persuade many developing economies to reach a preliminary deal in the week and a half. Read story →

Trump Organization CFO surrenders to authorities in New York

By Greg Farrell and Patricia Hurtado       3 min read

Trump Organization CFO surrenders to authorities in New York Read story →

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Trump Organization, CFO charged in Vance probe

By Erik Larson and Jennifer Jacobs       3 min read

Chief Financial Officer Allen Weisselberg is expected to be charged in the first cases to emerge from a multiyear investigation of the former president’s company Read story →

New instructions for Schedules K-2, K-3 eye int’l tax

By Jeff Stimpson       1 min read

The early draft instructions respond to comments the IRS received from last summer's draft instructions. Read story →

Biden targets tax tactics of the richest 0.1%

By Allyson Versprille and Ben Steverman       4 min read

The administration is aiming at trusts — particularly dynasty trusts, vehicles that wealthy families can use to benefit multiple generations of descendants. Read story →

Supreme Court denies marijuana dispensaries' challenge to IRS

By Roger Russell       2 min read

The justices declined to hear a case from a group of Colorado dispensaries challenging the service's ability to investigate them. Read story →

Carried interest tax break unites PE firms as Congress takes aim

By Laura Davison and Sabrina Willmer       5 min read

The private equity industry is trying defend a cherished tax break that Democrats have targeted for elimination.  Read story →

Caribbean tax havens fear global crackdown

By Jim Wyss       4 min read

A proposed global minimum corporate tax would undermine the incentive for multinationals to set up shop on storm-prone islands. Read story →

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Tax legislation update and tips for generating client engagements and revenues in 2022

Tuesday, July 13, 2021 2:00 PM EDT

Get a head start on next tax season by learning what types of planning might be in store for you and your clients heading into 2022, including a review of all COVID-19 relief provisions, the SECURE Act and the CARES Act. Learn More →

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ASC 842: Get ahead of the deadlines with the right approach

An overview for achieving and maintaining compliance with the ASC 842 lease accounting standard. Learn More →

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Security in the age of the remote workforce

Keeping client and firm data was hard enough when most people were working in offices, but with more and more employees working remotely – and likely to stay that way – the risks of data loss and breaches has increased enormously. This report looks at how firms can protect themselves. Learn More →

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