The Latest

The Biden administration’s proposal to dramatically expand the inheritance tax bill for wealthy Americans is running into some headwinds with Democrats on Capitol Hill, showcasing nervousness about the scope and size of elements of the White House’s ambitious tax plans.

President Biden releases his annual budget on May 27, a move likely to detail his plans to increase the capital gains tax rate and eliminate a lucrative benefit for inherited estates.

The U,S, Small Business Administration is urging food and beverage establishments to submit their applications for the Restaurant Revitalization Fund by next Monday.

Notice 2021-31 explains a new credit from the American Rescue Plan Act.

The court unanimously ruled against the service in a decision enabling taxpayers to sue over a tax regulation, even before any penalty has been assessed.

The pandemic has created renewed urgency for CFOs to automate finance and accounting.

There’s never been a better time to empower your team to adopt a more strategic and proactive attitude when engaging clients.

Knowing where your client’s business stands financially has never been more critical for its financial health than now.

Business groups were unmoved by the Treasury Secretary’s call for U.S. companies to accept higher taxes in return for a huge public investment in infrastructure aimed at boosting the American economy.

Investigators have been trying to determine whether the company gave an accurate valuation for its Seven Springs property when it served as the basis for about $21.1 million in tax deductions for donating a conservation easement for the 2015 tax year.