Economy

Most buyers focus on price, but depreciation often matters more in certain asset classes.

The so-called pied-à-terre tax is expected to take effect July 1 this year and would affect roughly 10,000 single family homes, coops and condominiums citywide.

Dangerous procedural traps; justification for change; unexpected tax exposure; and other highlights from our favorite tax bloggers.

The Top 10 Firm will acquire a consulting and technology firm that helps manufacturing and distribution companies modernize operations with digital solutions.

Windsor Path, a family office-backed platform for accounting firms, acquired ASO Advisors, the non-attest business of Agresta, Storms & O'Leary in Indianapolis.

The case centers on PwC's auditing work for Evergrande, an emblem of China's property crisis since it defaulted in 2021.

The proposed tax would be levied at 1% of the purchase price and would be paid by the buyer.

Speaker Mike Johnson called suspending the federal gas tax "an intriguing idea" but didn't commit to a timeline as momentum builds in both chambers to take action.

A federal gasoline tax holiday as proposed by President Trump would result in billions of dollars in lost tax revenue each month, budget analysts say.

President Donald Trump voiced support for a gasoline tax holiday to counter rising prices at the pump, as the cost of oil soars while the war with Iran drags on.

The American Institute of CPAs wants more information on a provision of the One Big Beautiful Bill Act imposing an excise tax on tax-exempt organizations.

New York officials are trying to give shape to the pied-à-terre tax proposed by Governor Kathy Hochul, with significant questions still unresolved.

One of the nation's largest solar installers filed for bankruptcy last month, citing the phaseout of federal tax credits and Trump's executive orders.

The Top 100 Firm acquired Massachusetts-based Restaurant Accounting Solutions, strengthening its expertise in the restaurant industry.

The deal adds to Aprio Legal's Arizona footprint and marks the firm's entry into the cannabis industry.

The Internal Revenue Service plans to offer settlements in syndicated conservation easement cases, but only for a limited time, as it unveils an updated website.

Small businesses with less than 50 employees continued to add jobs last month despite the growth in gas prices, according to a report from Paychex.

Nonprofit organizations are worried the IRS and the Treasury Department will take away their tax-exempt status and even sue or prosecute them.

The IRS and the Treasury posted temporary regulations and a notice of proposed rulemaking outlining a new way to recover federal excise taxes paid on dyed fuel.