By failing to repeal the alternative minimum tax in their tax reform bill, Senate Republicans inadvertently undermined the research and development tax credit used by drug makers and tech companies.
President Trump thinks his tax plan will be so simple that some taxpayers will be able to do away with their accountants altogether. But so far, tax professionals don't seem very worried.
You have until Tuesday, April 18 to file your federal taxes this year. That's because April 15 falls on a weekend, and Monday, April 17 happens to be a legal holiday in Washington, D.C.
A new survey shows the No. 1 concern of small businesses about tax reform is that lawmakers will reduce their tax breaks without actually lowering their tax rates.