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The US accounting board halted its project to tweak how companies measure their goodwill, an intangible asset that gets recorded when one company buys another. news.bloombergtax.com/financ…
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The New York City Council will pass legislation this week exempting thousands of disabled veterans from paying property taxes on their primary residences, Council Speaker Julie Menin said Wednesday. news.bloombergtax.com/daily-…
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The Puerto Rican government is auditing valid tax grants that exempt wealthy individual investors from taxes on interest and dividends to ensure grantees are meeting annual reporting requirements. news.bloombergtax.com/daily-…
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Opinion: A 2025 law that requires the IRS to provide more information on math error notices to taxpayers should be amended because it doesn't include errors made by third parties, such as an employer, bank, or broker. news.bloombergtax.com/tax-in…
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The IRS wants to make it easier for tax professionals to get consent from taxpayers so they can represent them before the agency, the taxpayer advocate said. news.bloombergtax.com/daily-…
Opinion: Tax compliance rests on a credible connection between contribution, fairness and future security, not enforcement alone. news.bloombergtax.com/tax-in…
The Senate’s top tax-writing Democrat said he’s open to working with Republicans on shoring up the Social Security Trust Fund, and also previewed aggressive probes of companies and the Trump administration. news.bgov.com/bloomberg-gove…
Opinion: Despite California voters narrowly rejecting a new tax on billionaires, the momentum to tax extreme wealth is growing globally with no signs of slowing, Columbia University's Joseph Stiglitz writes. news.bloombergtax.com/tax-in…
It was a bruising election for billionaires aligned with Republicans across the country. But in California, Sergey Brin and a group of world’s richest people scored a decisive win. news.bloombergtax.com/daily-…
The IRS wants to make it easier for tax professionals to get consent from taxpayers so they can represent them before the agency, the taxpayer advocate said. news.bloombergtax.com/daily-…
Opinion: The value of a new homestead tax exemption approved by Florida voters on Nov. 3 could turn on whether future homeowners kept documents they never thought they'd have to retain, Bloomberg Tax columnist Andrew Leahey writes. news.bloombergtax.com/tax-in…
A Washington state tax designed to tap tech giants like Amazon and Microsoft for funding workforce education is drawing complaints from grocers, railroads, and healthcare companies facing unexpected tax bills. news.bloombergtax.com/daily-…
Opinion: Department of Justice v. McNutt asks how far Congress may go to make excise taxes on distilled spirits easy to collect. In the process, it may call other regulatory taxes and penalties into question. news.bloombergtax.com/tax-in…
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PwC’s US arm is launching a critical thinking certification for its more than 85,000 partners and staff as artificial intelligence tools transform the professional services firm’s everyday tasks. news.bloombergtax.com/financ…
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More tax professionals are getting referred to the IRS for questionable conduct related to artificial intelligence use, an agency official said. news.bloombergtax.com/daily-…
A California appeals court panel appears unlikely after oral arguments Monday to allow a company to challenge a California income tax apportionment regulation while a state agency is conducting an audit involving that regulation. news.bloombergtax.com/daily-…
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Corporate accounting teams should understand how AI works so they can detect and guard against third-party technology going rogue and affecting their financial reporting, Meta Platforms Inc.'s top accountant told the SEC Monday. news.bloombergtax.com/financ…
More tax professionals are getting referred to the IRS for questionable conduct related to artificial intelligence use, an agency official said. news.bloombergtax.com/daily-…
Bloomberg Tax Insights & Commentary is featuring a recurring questionnaire of prominent tax professionals who are willing to share their thoughts about their work and the practice of tax these days. news.bloombergtax.com/tax-in…
PwC’s US arm is launching a critical thinking certification for its more than 85,000 partners and staff as artificial intelligence tools transform the professional services firm’s everyday tasks. news.bloombergtax.com/financ…