The Latest

CPAs gone wrong; on the waterfront; trooper tricks; and other highlights of recent tax cases.

The bank admitted that it helped hundreds of American clients hide more than $1 billion in assets from the Internal Revenue Service and agreed to pay $192.4 million to resolve a decade-long U.S. tax investigation.

Trends in the market and tax law changes introduced by tax reform have created a perfect storm for REIT investors.

CPAs are in a great position to benefit from a heightened need for certainty in the future, says the AICPA’s Barry Melancon.

The IRS is concerned that taxpayers are not properly recognizing the gain or loss on partial dispositions of building components.

Bill.com founder and CEO René Lacerte and a team of staff rang the opening bell on the New York Stock Exchange this morning, as Bill.com went public trading under the ticker symbol BILL.

How much money will you leave on the table this busy season?

Once heralded as a novel way to help distressed parts of the U.S., opportunity zones are now being slammed as a government boondoggle.

Legislation that would provide big deductions for taxpayers with high state and local tax bills is gathering momentum in the House this week, but it’s headed into a brick wall in the Senate.

And more are likely to come, according to a new report from Avalara, including more laws requiring online marketplaces to collect.