In an effort to increase the transparency and usefulness of the income tax footnote disclosures, FASB promulgated Accounting ...

The provision for income taxes on an income statement is the amount of income taxes a company estimates it will pay in a given year. The company's final tax bill may be slightly more or less than the ...

Accounting solutions provider Wolters Kluwer released its CCH Tagetik Tax Provision & Reporting product to support finance and tax leaders in multinational companies by offering data collection and ...

On July 4, 2025, President Donald Trump signed into law the Act (formerly referred to as the One Big Beautiful Bill Act, or OBBBA). The Act includes a suite of tax-related provisions that (1) make ...

The Dec. 31, 2025, expiration of many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) adds a new task to the 2025 congressional to-do list: updating the tax code. Many TCJA provisions provided ...

Taxpayers are taking a second look at the Taxpayer Cuts and Jobs Act of 2017. Some—but not all—of those provisions are set to expire in 2025. And while some changes are welcome, some—like limits on ...

On July 4, 2025, President Donald Trump signed into law the nearly 900-page One Big Beautiful Bill, a comprehensive package of tax cuts and fiscal policy changes. The bill includes significant ...

The qualified small business stock exclusion has been a compelling federal tax incentive for channeling capital into emerging ...

Millions of Americans will see significant shifts in their tax bills under President Donald Trump’s “big beautiful bill.” The sweeping legislation delivers several key tax breaks, including no federal ...

Preston is a research fellow for tax policy in The Heritage Foundation’s Grover M. Hermann Center for the federal budget. Congress has a decision to make. Hang American small business owners out to ...