Industries

Lawyers and agents have always bemoaned "Hollywood accounting," in which studios overstate costs and disguise profits so as not to share proceeds with financial partners.

The Financial Accounting Standards Board is considering a change to address leases that are under the common control of related-party businesses.

The Act provides higher deductions for meeting prevailing wage and apprenticeship requirements.

Will the average taxpayer qualify for a larger deduction or credit, or will their eligibility drop?

Previously rare, 'bargain purchases' in accounting for oil and gas company acquisitions may be more common in the near future.

Forgiveness; great sums of money; shell game; and other highlights from our favorite tax bloggers.

KPMG LLP plans to move its headquarters to Midtown Manhattan's West Side by the end of 2025, reducing its office space by over 40%.

To expand the affordability of energy-efficient vehicles for U.S. consumers, the law made changes to the tax credit for all-electric cars and hybrid plug-ins.

One of the world's richest men felt he had to give one of the nation's most powerful lawmakers a little pep talk.

The 45L tax credit expired at the end of 2021, leaving homebuilders waiting for its renewal.

The inspections add to the challenges facing the Shenzhen-based company at the center of China's real estate crisis.

The goal is to combine the strengths of the two organizations to bridge the gap between digital farm data and financial insights.

Existing and expired energy efficiency tax incentives for commercial and multifamily building owners, investors, developers and homebuilders have been expanded significantly under the act.

Accountants have been helping their clients deal with the tax and financial implications of marijuana and CBD businesses.

The Top 20 firm and Guidepost Solutions are serving as integrity monitors for the $18 billion project.

Included in the $433 billion Inflation Reduction Act is a 10-year production tax credit for nuclear energy producers.

Michigan Democratic Senator Debbie Stabenow is pushing for last-minute changes to stringent new electric-vehicle tax-credit limits in her party's tax and spending deal amid a pressure campaign from the auto industry.

The legislation would reinstate and increase a long-lapsed tax on crude and imported petroleum products to 16.4 cents per gallon.

For EVs to qualify, their batteries will need to contain minerals extracted from or processed in a country the U.S. has a free trade agreement with, and a portion of components to be manufactured or assembled in North America.

The package includes oodles of tax credits and rebates for people looking to drive and live more sustainably.