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The Internal Revenue Service has issued a revenue ruling clarifying when a real estate developer can exclude cancellation of debt income under the qualified real property business indebtedness exclusion in Section 108(a)(1)(D) of the Tax Code.
June 13 -
The IRS has announced the winners of its first crowdsourcing competition, the Tax Design Challenge, that encouraged innovative ideas for the taxpayer experience of the future.
June 13 -
The Internal Revenue Service did not resolve over 159,000 injured spouse cases in a timely way, resulting in the unnecessary payment of millions of dollars in interest, according to a new government report.
June 10 -
Perkins & Co, the largest locally owned accounting firm in Portland, Ore., plans to merge in Thompson Kessler Wiest & Borquist PC, a local boutique firm, on July 1.
June 10 -
Alexander Hamilton introduced the idea of federal taxes. Broadway producers enjoying a record season buoyed by his namesake musical are lobbying Congress to limit what they owe.
June 10 -
A roundup of our favorite recent tax fraud cases.
June 10 -
This year, for the first time ever, employers will begin receiving notices from the Federally Facilitated Marketplace indicating that one of their employees signed up for health coverage through the Marketplace and received advanced premium subsidies for that coverage.
June 10 -
Accounting firms need to rethink the roles and expectations of their partners, according to industry consultant Allan Koltin and changes to traditional partner compensation models can help.
June 9 -
The sun has set on Tax Day 2016. Another season older and what did you learn? And what will do differently next year?
June 9 -
A study based on 13 years of tax data finds that most millionaires dont move cross-country just to avoid a tax bill.
June 9
