Treasury Department

Hedge fund executive Scott Bessent, Apollo Global Management executive Marc Rowan and former Federal Reserve Governor Kevin Warsh remain among the leading contenders for the post.

The transition group is strategizing on how to pass another sweeping tax bill next year,

The final regulations provide a long overdue update to rules that had been in place since at least the 1950s, and even the 19th century.

Taiwan's firms see high U.S. taxes as a major impediment to additional investment in America.

The IRS and the Treasury proposed regs on the corporate alternative minimum tax on companies with over $1 billion in income, but those rules could impact much smaller companies as well.

The American Institute of CPAs sent a comment letter to the Treasury Department and the Internal Revenue Service objecting to guidance on basis-shifting involving partnerships and related parties.

The Treasury's Financial Crimes Enforcement Network has created an online toolkit to help small businesses comply with the new beneficial ownership reporting requirements.

The Internal Revenue Service issued a notice on Friday excluding from gross income the value of any tribal general welfare benefit.

The Internal Revenue Service and the Treasury issued proposed regs on the Corporate Alternative Minimum Tax.

Understanding these updates is critical in guiding the tens of millions of LLCs, closely held businesses, and other small-business clients through the complexities of beneficial ownership compliance.