The Latest

Tag, you’re it; daddy’s little nominee; across state lines; and other highlights of recent tax cases.

The U.S. Department of Labor issued a final rule that aims to set reasonable limits on the amount of time that tipped employees can spend in non-tipped activities when the employer receives a tip credit.

The Financial Accounting Standards Board released an accounting standards update Thursday, with guidance on accounting for revenue contracts with customers acquired in a business combination.

The Section 179D incentive would jump from $1.80 per square foot for efficiency improvements to a sliding scale between $2.50 and $5.

As Congress wrangles, advisors are struggling to figure out how to help clients.

Potential new provisions could create a seismic shift in tax.

Arizona Senator Kyrsten Sinema, a crucial swing vote for Democrats, has given the Biden administration a list of specific tax policies she will support in order to raise revenue for the social spending plan Democrats hope to pass this year.

The president’s tax agenda, crafted by experts who worked on the proposals for years and wrote books about their ideas, is getting a wholesale revamp as Democrats battle to find a program their caucus can unite behind.

The Internal Revenue Service is giving victims of Hurricane Ida in some parts of Mississippi until Jan. 3, 2022 to file their individual and business tax returns, although the Nov. 1, 2021 deadline still applies to the rest of the state.

The Global Reporting Initiative has confirmed Eelco van der Enden, a partner at PwC Netherlands, as its next CEO, starting Jan. 1, 2022.