IRS

The rules set by the Economic Development Commission in St. Thomas allow some businesses to lower their exposure to taxes by up to 90 percent.

At the top of the list is one particularly vexing provision: the section 199A qualified business income deduction.

Bitcoin owners are being advised to pay back taxes on any income they failed to report.

The Internal Revenue Service has resurrected an information return that hasn’t been used since the early 1980s.

The Internal Revenue Service has issued a revenue procedure giving some partnerships extra time to file a Form 1065 and the accompanying Schedule K-1.

The Internal Revenue Service issued a ruling allowing a taxpayer to use a tax-advantaged flexible spending account to pay for the medical portion of an ancestry test.

U.S. corporations brought back offshore profits in record numbers last year with nearly half of the repatriated funds coming from low-or-no-tax countries where companies had stashed cash prior to the 2017 tax law.

Scholarships and taxes; delay in ASU 842; landmark documentaries; and other highlights from our favorite tax bloggers.

The creation of a Practitioner Services Division would make a big difference.

The Internal Revenue Service posted three revenue procedures Monday of special interest to the insurance industry.

In the short term, the judge and the government need a full accounting of Epstein’s wealth as part of the bail determination.

High-deductible plans can now offer a number of new preventive care benefits.

Biz loss limits; 1040 re-redux; looming legislation; and other highlights from our favorite tax bloggers.

The Internal Revenue Service offered additional information for multinational companies repatriating their foreign profits under the Tax Cuts and Jobs Act.

The American Institute of CPAs has sent a set of recommendations to the Internal Revenue Service about accounting methods for small-business taxpayers and how to determine whether a taxpayer qualifies as a small business.

The IRS and its Security Summit partners offer critical steps for keeping client information safe.

The Internal Revenue Service has posted a draft version of a new tax return for senior citizens, as well as a new draft version of the Form 1040 for 2019 that taxpayers and practitioners will be filing next year.

In recent years, knowledge of and access to cost segregation services have grown significantly.

Nina Olson also suggested different ways to increase the participation rate of eligible taxpayers in claiming the Earned Income Tax Credit.

Churn of the rich; the rise of AI; collection time; and other highlights from our favorite tax bloggers.