- Journal of Accountancy
- ITR Direct Tax
- ITR Indirect Tax
- ITR Transfer Pricing
IRS withdraws proposed regs. governing built-in losses and gains
The IRS said Tuesday that it expects to issue a revised notice of proposed rulemaking after it studies the issues addressed in the 2019 proposed regulations.
Senate passes reconciliation bill including tax changes
The Senate passed its version of the One Big Beautiful Bill Act. The bill contains many tax provisions beyond extending portions of the Tax Cuts and Jobs Act and differs from the Finance Committee version in key areas.
Economic pessimism grows, but CFOs have strategic responses
Nearly half of CFOs in Grant Thornton’s second-quarter survey are pessimistic about the U.S. economy. Their responses include supply chain adjustments to reduce the impact of tariffs.
Senate budget bill would preserve PTET SALT deduction
An AICPA statement after the bill was issued by the Senate Budget Committee lauded lawmakers for “diligent work to reject new tax increases” on passthrough business including CPA firms.
IRS staffing, budget cuts threaten 2026 filing season, taxpayer advocate says
After a successful 2025 tax filing season, the loss of over 25% of staff and a 37% drop in funding leave the status of the 2026 season in doubt, the national taxpayer advocate’s midyear report said.
IRS withdraws proposed regs. governing built-in losses and gains
The IRS said Tuesday that it expects to issue a revised notice of proposed rulemaking after it studies the issues addressed in the 2019 proposed regulations.
Senate passes reconciliation bill including tax changes
The Senate passed its version of the One Big Beautiful Bill Act. The bill contains many tax provisions beyond extending portions of the Tax Cuts and Jobs Act and differs from the Finance Committee version in key areas.
Senate budget bill would preserve PTET SALT deduction
An AICPA statement after the bill was issued by the Senate Budget Committee lauded lawmakers for “diligent work to reject new tax increases” on passthrough business including CPA firms.
IRS staffing, budget cuts threaten 2026 filing season, taxpayer advocate says
After a successful 2025 tax filing season, the loss of over 25% of staff and a 37% drop in funding leave the status of the 2026 season in doubt, the national taxpayer advocate’s midyear report said.
AICPA proposes changes to Senate bill that would help most US businesses
Passthrough entities would lose ground compared with corporations under tax language in the Senate Finance Committee bill, the AICPA said in a letter to legislative finance leaders.
A Partial Defense of the QBAI Exclusion
Lawmakers should consider maintaining QBAI and applying the several billion dollars from the Senate’s change toward other pro-growth international tax reforms instead.
The One Big Beautiful Tax Bill: What’s In It, What’s Out
Congress is racing to pass the One Big Beautiful Tax Bill before the July 4 deadline. In this episode, Kyle Hulehan and Erica York break down what just happened over the weekend, what’s actually in the bill, and what comes next as the House and Senate try to reconcile their differences.
Budget Reconciliation: Tracking the 2025 Trump Tax Cuts
Our experts are providing the latest details and analysis of proposed federal tax policy changes.
“Big Beautiful Bill” Senate GOP Tax Plan: Details and Analysis
Our preliminary analysis of the Senate Finance tax plan finds the major tax provisions would increase long-run GDP by 1.2 percent and reduce federal tax revenue by $5 trillion over the next decade.
Carbon Taxes in Europe, 2025
In recent years, several countries have taken measures to reduce carbon emissions, including instituting environmental regulations, emissions trading systems (ETSs), and carbon taxes.
DSTs as digital infrastructure: the tax challenges of emerging markets
Despite posing significant administrative hurdles, digital services taxes remain ‘the best way forward’ for emerging economies, says Neil Kelley, COO of Ascoria
Nigeria and India unite in bid to ‘tackle abusive TP’
Representatives from the two countries focused on TP as they met this week to evaluate progress under a previously signed agreement – it is understood
Five minutes with…Farhan Azeem, PKF Littlejohn
The UK accountancy firm’s transfer pricing lead tells ITR about his expat lifestyle, taking risks, and what makes tax cool
2025: a year of innovations in transfer pricing in Chile
Vanesa Lanciotti of Deloitte Chile explores how recent reforms – including new advance pricing agreement rules, enhanced audit priorities, and disclosure requirements – are reshaping transfer pricing practice and compliance for multinationals operating in Chile
Chile’s new tax audit regime: indeterminate legal concepts and litigation risks
A ‘paradigm shift’ in Chile’s tax enforcement requires compliance architecture built on proactive governance, strategic documentation and active monitoring of judicial developments