Tax

The rich and the audits; after Beryl; just ask; and other highlights from our favorite tax bloggers.

The Government Accountability Office recently found that some populations may be getting selected for IRS audits at a higher rate than others.

A recent poll found professionals predict that as AI makes jobs more efficient, firms will move away from the billable hour model in favor of value pricing.

Only 5% of total local tax comes from income taxes nationwide, but some states rely on it much more.

The Internal Revenue Service has stepped up efforts to combat dubious tax advice promoting schemes involving the Fuel Tax Credit, the Sick and Family Leave Credit, and household employment taxes.

A Republican party committee approved a 2024 platform ahead of next week's convention that includes addressing the migrant border crisis, cutting taxes and boosting domestic energy production.

Art carries higher rates than most investments, but financial advisors and their clients can tap into trusts, charitable donations, loss harvesting and the stepped-up basis.

U.S. lawmakers and government officials view the tax as unfair and have threatened to retaliate if Canada moved forward with it.

Test your accounting knowledge on identity theft, sales tax reliance, and more. No. 2 pencil not required!

When your clients are divorcing, you need to figure out two things: Which one is your client, and who is their attorney?