Browsing: Tax and Accounting

Mortgage

In a comment letter with nine trade associations on Friday, ABA urged the IRS to take immediate steps to fix problems with the tax transcript process that could result in significant delays for consumers attempting to purchase or refinance a home.

Newsbytes

Republican lawmakers negotiating the differences between the House and Senate tax reform bills have reportedly reached a tentative agreement on a package that would pin the C corporation tax rate at 21 percent, eliminate the corporate alternative minimum tax and provide a 20 percent deduction for pass-through businesses, with the new rates effective in 2018.

Economy

The House today voted 227 to 205 to pass H.R. 1, the landmark tax reform bill that would be the first major overhaul of the tax code in more than three decades.

Economy

As lawmakers work to overhaul the U.S. tax code for the first time in more than three decades, an op-ed posted on Utah Policy Daily this week called on Senate Finance Committee Chairman Orrin Hatch (R-Utah) to more closely examine the tax exemption granted to the nation’s largest credit unions.

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