Tax

The presidential nominee is looking to turn the page with a new populist tax cut proposal.

Noted; loan sharks; lowering the Boomer; and other highlights of recent tax cases.

The Ways and Means Committee advanced five tax-related bills, including one that would eliminate a requirement to report payments of $600 from third-party networks.

The IRS is pushing back payment and filing deadlines for taxpayers hit by August weather.

The Internal Revenue Service and the Treasury issued proposed regs on the Corporate Alternative Minimum Tax.

The EU Court of Justice backed a 2016 decision that Ireland broke state-aid laws by giving the company tax benefits that resulted in an unfair advantage.

Bloomberg Tax & Accounting projects that inflation-adjusted amounts in the Tax Code will increase 2.8% in 2025 — roughly half the increase in 2024 and down from 7.1% in 2023.

Whoever wins, '2025 is going to be a very interesting tax legislative year.'

The debate Tuesday night between Kamala Harris and Donald Trump included little discussion about taxes, but pointed to at least some of their economic policies.

The OZ program allows investors to defer capital gains from sales of appreciated real estate, stocks, businesses, personal residences, collectibles and even crypto through 2026.