Tax News

Forming a trust now and funding it after Congress decides whether to keep the current gift tax exemption rate could make for an effective preemptive strike.

ERP solutions provider Acumatica announced the rollout of its R1 release, sporting enhanced AI features as well as more industry-specific solutions.

The Internal Revenue Service is reportedly getting close to an agreement to share information such as taxpayers' addresses with immigration officials upon request.

Tax season usually is the most stressful period of the year for accountants. Staying calm will help you, your clients and staff.

Congressional Republicans returning to Washington on Monday will tackle their toughest test yet, negotiating a massive tax bill package.

Using EBITDA – which is typically bigger than EBIT — would generate heftier tax deductions.

Not all job creation incentive programs are created equal. Here are examples of programs from states across the United States.

Ahead of Tax Day, annual return filings consume a lot of attention, but advisors and other experts say they pose opportunities for growth and savings as well.

The royal treatment; tit for tat; false certifications; and other highlights of recent tax cases.

Between January 2021 and July 2024, the IRS processed nearly 610,000 manual refunds for deceased taxpayers, but in many cases took over a year.