President Donald Trump is pitching the Republican tax-cut plan as aimed primarily at helping middle-class Americans, but the biggest beneficiaries of cuts in the individual tax rates are in the wealthiest income brackets. A study from Congress’s own think tank provides some of the most recent evidence of this. The nonpartisan Congressional Research Service concluded that under the Senate plan, Americans making between $500,000 and $1 million a year would see the biggest percentage increases in their after-tax income.

Coinbase Inc. lost a bid to block an Internal Revenue Service investigation into whether some of the company’s customers haven’t reported their cryptocurrency gains. U.S. Magistrate Judge Jacqueline Scott Corley in San Francisco ruled that the tax agency’s demand for information isn’t overly intrusive. The price of bitcoin has been soaring and crossed $10,000 Tuesday.

President Trump and GOP House Speaker Paul D. Ryan (Wis.) won a major victory as the House passed the tax bill Thursday, the central piece of the Republican plan to boost the U.S. economy. No Democrats voted for the bill. Ryan could lose 22 GOP votes, but in the end, he only lost 13.

A DEMONSTRATION FROM MANAGERIAL FINANCE Example Co. is privately held and has financing from a bank loan. As a condition of the loan, the lender requires that Example Co. maintain an interest coverage ratio, defined as earnings before interest and taxes (EBIT) divided by interest expense, of 1.5. While Example Co. is financially sound and expects to be profitable, its profits face two major sources of uncertainty. First, revenues fluctuate due to variations in product mix and sales volume.

How to look, where to look and what to look for after working with one. or some taxpayers, it's a familiar tale. Somewhere during those first four months of every year, you do your taxes in a haphazard fashion, or you look for someone to prepare your taxes, and because you've waited until the last minute, you find someone in a hurry to do them.

The recent string of devastating hurricanes and wildfires in the U.S. and its territories has prompted questions about financial reporting by companies striving to recover from natural disasters while wrestling with their insurance companies over damage claims.

President Donald Trump said Tuesday congressional Republicans would take another shot at repealing and replacing the nation's health care law after they passed tax cuts, presumably extending the Obamacare debate into 2018.

WASHINGTON — The International Monetary Fund delivered a blunt warning to international policy makers ahead of the fund’s annual meeting this week: Governments risk undermining global economic growth by cutting taxes on the wealthy.

Democrats on Wednesday slammed President Donald Trump's tax reform plan, calling it "morally repugnant," suggesting there would be little to no cross aisle support for the initial outline of the plan.

There's understandable caution about the prospects of successful tax legislation after Republican lawmakers failed to repeal the Affordable Care Act.