Industries

California can be pretty aggressive when it comes to collecting taxes.

Not only does the cost of demolition increase the value of the land, but also the remaining basis of the building must be added to the land value at the time of demolition.

The Internal Revenue Service is reminding taxpayers about a change under the new tax law that limits exchanges of property.

Federal and state governments are not yet “on the same page” with respect to all aspects of the tax and legal treatment of marijuana.

States need to consider a wide range of factors in looking to set tax rates on legalized pot sales.

Election day tax choices; 199A decisions; data mining; and other highlights from our favorite tax bloggers.

When contemplating a 1031 exchange, one of the most commonly overlooked issues by investors is state taxation.

The tax law gave a last-minute windfall to commercial property owners such as President Donald Trump. But regulations proposed by the Internal Revenue Service could diminish the benefit.

A dispensary owner becomes the first person sentenced for marijuana-related tax crimes.

An effort to put a tax on carbon dioxide emissions just won an unlikely underwriter: a top producer of oil and gas.

For the debut episode of new show “Breaking History," firm partner John Hughes and manager Nicholas O’Rourke served as witnesses for the record attempt.

The turmoil at the electric-car maker reached a fever pitch Friday, as news emerged that two senior executives will leave a matter of hours after the CEO smoked marijuana during an hours-long interview with a comedian.

Tax reform, the cannabis industry and cyberthreats are just three of the dangers that are looming large in malpractice insurers’ nightmares.

CPAs often talk about becoming strategic partners to help drive business decisions, and food safety is a real-world problem with a real-world impact.

Bankers, athletes and celebrities are suing Ingenious Media Holdings Plc, saying that they were misled about investments in the film industry that were later branded tax avoidance by the U.K. government.

Before a business can be acquired, the seller must position and prepare their business for a high valuation from a potential buyer.

Accountants have the opportunity to enter a burgeoning market where they can access a new realm of clients in dire need of help.

When the owner of a financial-services firm in Connecticut saw the U.S. tax overhaul pass in December, capping state and local deductions, he packed his bags. Now he lives in South Florida, soaking up the sun and some serious annual savings.

The Trump administration dropped a two-year-old accounting probe into Exxon Mobil Corp.’s valuation of its reserves and public disclosures about climate change, while inquiries by two Democratic-led states continue.