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The Tax Cuts and Jobs Act made a big change to 529 plans, the tax-advantaged investment funds that can be used for education costs. People can now use them to save not just for college, but for K-12 private school expenses, as well. It...

source: CNBC

The International Monetary Fund believes the U.S. economy will post solid growth this year and next, helped by a sizable boost from tax cuts. But then it says growth will slide as huge budget deficits drag growth far below the Trump administration's goals.

source: USA Today

Small businesses are happy with some of the 2017 tax act's perks, but many are struggling with speed bumps — such as the complexity of the new deduction for pass-throughs — especially in the absence of guidance, tax professionals said. Taxes were the "single...

source: Bloomberg BNA

Lawmakers are hearing more and more from stakeholders seeking fixes to glitches in the Republican tax law, but it's unclear when they will move forward with a package that makes corrections. Industry groups want Congress to act promptly to tweak the tax law to fix areas...

source: The Hill

When President Donald Trump signed the Tax Cuts and Jobs Act in December of 2017, pundits and casual observers alike raced to identify both the primary beneficiaries and those who may be negatively impacted in 2019 and beyond. While there will always be disagreement along...

source: Forbes

Limited guidance from the IRS and accounting standard-setting bodies has led to a divergence in interpretation and practice for inventory valuation within the scope of business combinations. A few modifications to current practice would improve the valuation process.

source: Accounting Today


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