Tax

The American Institute of CPAs sent a comment letter to the Treasury Department and the Internal Revenue Service objecting to guidance on basis-shifting involving partnerships and related parties.

Former President Donald Trump said his policies would inspire growth despite adding to the debt as he sought to assuage business leaders who worry his economic plans will fuel inflation.

Donald Trump vowed to boost the U.S. auto industry by making interest on car loans fully tax-deductible and renegotiating a trade deal with Mexico and Canada as he courts Michigan.

A senate hearing; lack of Unity; that ain't chicken feed; and other highlights of recent tax cases.

A group of lawmakers has urged the IRS to drop the mandate to follow stringent ID.me standards.

The gap between taxes owed and paid increased to $696 billion in tax year 2022.

While the potential rewards are attractive, for many of the small to midsized players, there are a host of operational and tax-related implications that need to be addressed.

His pledge could simplify the tax obligations for U.S. citizens who live overseas.

If the Massachusetts legislature fails to sign off on a proposal to temporarily raise commercial rates before the end of next month, Mayor Michelle Wu said the city would need a tax increase.

Disagreements with the IRS, while business as usual for CPAs, can be terrifying to the taxpayer.