Investments

The Treasury recorded a $215 billion shortfall in February—its largest in six years—as revenue declined after passage of the Tax Cuts and Jobs Act.

There may be some advantages, particularly for multinationals, with getting an early jump on FASB's changes in the hedging rules.

Treasury Secretary Steven Mnuchin’s plan to fix a gaping loophole for hedge funds in President Donald Trump’s new tax law could face legal challenges.

The Internal Revenue Service’s announcement that it plans to issue regulations clarifying the limitations on carried interest aims to head off a flurry of activity aimed at getting around a provision of the Tax Cuts and Jobs Act.

The U.S. Department of Treasury and the Internal Revenue Service issued guidance seeking to close a loophole that hedge-fund managers had been trying to exploit to avoid paying higher taxes on carried-interest profits.

Major corporations have authorized $200 billion in stock purchases in the two months since the passage of the new tax law while more than 55,000 American workers have been laid off, according to Senate Democrats.

One of Noble Group Ltd.’s largest shareholders has stepped up criticism of the embattled commodity trader, describing losses as “shocking” and warning the billions in red ink will pile more pressure on investors to agree to a controversial debt-for-equity rescue plan that it opposes.

U.S. companies including FedEx Corp. and Motorola Solutions Inc. are seizing an opportunity to borrow money and top up their pensions, before a tax benefit shrinks.

What does it take to get into the 1 percent? The price of admission is an adjusted gross income—basically, what you make before deductions—of $480,930.

Changes to the tax code may restrict growth in philanthropy to U.S. higher education to less than 6 percent this year, according to a report this week from Moody’s Investors Service.

I speak to a lot of CFOs who are bumping up against the constraints of spreadsheets for building and maintaining their annual budgets.

The Financial Accounting Standards Board issued a proposal Tuesday to expand the list of benchmark interest rates allowed for hedge accounting.

President Trump signed into law H.R. 1892, the Bipartisan Budget Act of 2018, just hours after the Senate passed the bill by a vote of 71-28 and the House by a margin of 240-186 this month.

Wall Street’s fast-money crowd is returning to well-trodden ground to elude Trump-era tax laws: Delaware.

Treasury Secretary Steven Mnuchin said the Internal Revenue Service will issue guidance within the next two weeks to prevent hedge-fund managers from dodging new tax rules on carried-interest profits.

Oil companies that have claimed more than a billion dollars in tax credits for burying carbon dioxide underground just got a windfall from Congress, which expanded that incentive as part of the government spending bill signed into law on Friday.

President Trump just signed and enacted a two-year budget bill that extends government funding through March 23 and also retroactively extends numerous tax breaks that had previously expired.

President Donald Trump signed a two-year budget agreement that will boost federal spending by almost $300 billion and suspend the debt ceiling for a year, ending a brief partial government shutdown that began at midnight when lawmakers missed a funding deadline.

The American Institute of CPAs is asking the Internal Revenue Service to provide relief from tax penalties to taxpayers who are required for the first time to file information returns related to Controlled Foreign Corporations.

The Committee of Sponsoring Organizations of the Treadway Commission, in collaboration with the World Business Council for Sustainable Development, released draft guidance Wednesday for applying COSO’s enterprise risk management framework to environmental, social and governance risks.