Tax and financial planning news from around the web: December 16 – 20, 2024

IRS expands Tax Pro Account, launches enforcement effort 

The IRS is adding more features to the Tax Pro Account, Business Tax Account and Individual Online Account, while announcing a new enforcement campaign. 

U.S. and China corporate tax implications for pillar 2 adoption 

A professor provides an analysis and comparison of the corporate income tax structure and governmental incentives for U.S. and Chinese corporations. She identifies differences between the countries’ corporate income tax structures and their implications for U.S. and Chinese economic and political goals, as well as the implementation of pillar 2.