Atkins faces ticking clock as he reshapes rules for Wall Street
SEC chair Paul Atkins plans to release about 30 rule proposals this year. More than two-thirds will be related to corporate finance, such as scaling back corporate disclosures.

NJ lawmaker seeks to lift SALT cap to $80,800 for married filers
Josh Gottheimer is looking to roughly double the cap on state and local tax deductions, in a bid to secure more savings for residents in high-tax states.

Trump urges 'slim' spending bill, downplays new tax cuts
Trump downplayed the likelihood that Republican lawmakers will be able to add tax cuts or other economic priorities to entice voters ahead of the midterms.

A Tax Day cash drain is coming for US funding markets
Wall Street strategists expect a robust increase in the Treasury's coffers this week as Americans pay their taxes.

Hochul wants tax on NYC second homes worth $5M+
The second-home plan is expected to be part of ongoing state budget negotiations and would levy a yearly surcharge on pied-à-terres.

Tax refunds are up, but many aren't feeling it
Americans rushing to meet the tax deadline are getting bigger refunds on average thanks to Trump's tax law, though the savings are falling short of his promises.

Tax experts: Don't game IRS automated systems
IRS automated systems handle things a little differently than human examiners and practitioners should be aware of the differences.

IRS struggles against nonfilers with large foreign bank accounts
The Internal Revenue Service rarely penalizes taxpayers who have high balances in foreign bank accounts and fail to file the proper forms, according to a new report.

Wyden introduces bills to close tax shelters
The Senate Finance Committee ranking member introduced two bills cracking down on grantor retained annuity trusts and private placement life insurance.

In the blogs: HIPAA HIPAA hooray
IT hygiene; final tally; movements in the U.S. dollar; and other highlights from our favorite tax bloggers.