Business leaders are warning that the trade tariff policies implemented by the Trump administration are likely to trigger a global trade war that will hit U.S. industries and consumers hard. The White House has pledged to implement tariffs on $34 billion in Chinese products on Friday, and the Chinese government said this week it has… Read more »

Significant cuts to the IRS’s budget over the years combined with the need to implement the 2017 tax law have stretched the IRS critically thin, according to National Taxpayer Advocate Nina Olson. Olson released her mandated mid-year report to Congress last week that included a review of the 2018 filing season and a list of… Read more »

Category: IRS

Industry groups are mobilizing against California’s new data privacy law, which they say was rushed through the state legislature and quickly signed last week by Gov. Jerry Brown. The far-reaching law, which doesn’t take effect until 2020, is similar to new European Union standards for data privacy that took effect in May. The California Consumer… Read more »

Republicans’ plan for a “phase two” tax bill is still short on details, but President Trump suggested this week that tax writers may lower the corporate tax rate even further. “One of the things we’re thinking about is bring the 21 percent [tax rate for corporations] down to 20,” Trump said on Fox News this… Read more »

ASAE announced this week the six winners of the 2018 Power of A Summit Awards, the highest recognition for associations that make exemplary commitments to creating a stronger America and world. ASAE received 110 Power of A Award entries this year, with 16 programs selected to receive Power of A Gold Awards and 34 tabbed… Read more »