By Erik Wasson and Laura Davison 3 min read

Senate Budget Committee Chairman Bernie Sanders is proposing to partially revive the federal deduction for state and local taxes in an draft outline of a budget resolution designed to fast-track much of President Joe Biden’s economic agenda. View story →

By Erik Wasson and Laura Litvan 4 min read

Top White House aides wrapped up a meeting with a group of senators Tuesday without producing an infrastructure compromise, as differences on how to pay for a proposed $579 billion in new spending for roads, bridges and other projects continue to bedevil the talks. View story →

By Heather Perlberg 9 min read

The SEC has tweaked certain accounting rules and is considering doing more. View story →

By Brian Chappatta 2 min read

Stephen Schwarzman said the risk of an increase in U.S. capital gains taxes has led to explosive growth in potential targets for his alternative investment firm. View story →

By Michael Cohn 5 min read

The tax prep giant's financial technology innovation arm is adding new accounts receivable features to its bookkeeping software. Read story →

By Michael Cohn 2 min read

The Public Company Accounting Oversight Board is reassessing its plans to reestablish its outside advisory groups after the latest bout of turmoil at the audit firm regulator. Read story →

By Jeff Stimpson 2 min read

A new holiday; VAT questions; give parents credit; and other highlights from our favorite tax bloggers. Read story →

By Michael Cohn 4 min read

The Internal Revenue Service opened a portal to enable families to monitor and manage their monthly advance payments of the expanded Child Tax Credit. Read story →

By Roger Russell 3 min read

Taxing jurisdictions are less anxious about revenue — but they’ll be more focused on sales tax than before. Read story →