Tax Strategies

The Internal Revenue Service is coming under fire in Congress again, this time for lax oversight of fraudulent charities that applied for tax-exempt status and received approval.

A look at the biggest regulations, legislation and court cases in the field from the first half of the year.

The strategy is widely promoted, but it can leave some investors worse off.

The Senate’s arcane budget rules threaten Democrats’ plans to increase taxes on the wealthy and corporations and invest in climate programs.

With fast-paced change and tremendous uncertainty, this is sure to be an area of growth for accounting practices.

He questioned a 3.8% tax on pass-through businesses, under discussion as an offset for Medicare drug provisions.

The West Virginia Democrat told Senate Majority Leader Chuck Schumer he wouldn’t agree to an economic package before an August congressional recess.

The West Virginia senator said it wouldn’t be “prudent” to act now on climate and tax plans without seeing another month of inflation data first.

The service's new practice unit stresses that agents should look more closely at designers of government-owned buildings than at commercial building owners.

The West Virginia senator told Democratic leaders Thursday he would not support new spending on climate measures or tax increases.