Financial-services companies are set to be exempt from a global plan to make multinational firms pay more tax to the countries where they operate, in a win for U.K. Chancellor of the Exchequer Rishi Sunak.

The early draft instructions respond to comments the IRS received from last summer's draft instructions.

The guidance gives renewable energy companies more time to develop projects that were delayed by COVID-19.

The House introduced bipartisan legislation Tuesday to provide tax deductions for timber growers to recover from the loss of forests.

Taxpayers won't be able to recover previously paid Medicare taxes and NIIT.

The Senate GOP Leader wants to head off an effort to use a fast-track process to pass a Democrat-only bill with trillions in spending and tax hikes on the wealthy.

Top aides to the president are reaching out to senators to convey his enthusiasm for the agreement, a White House official said.

A bipartisan group of lawmakers is proposing to boost affordable housing by 2 million units over the next decade by expanding a key tax credit.

Congress reintroduced legislation to prevent abuses of a tax break that’s supposed to protect public lands, but is often used as a tax shelter.

The $579 billion infrastructure deal is a win, yet the bipartisan plan faces hurdles in Congress that reflect challenges to the president's broader economic agenda.

The cost of the expenditures would be offset by a variety of revenue-raising provisions, including stronger enforcement of tax collections from the wealthy.

Having completed many of its major current projects, the board is looking for suggestions on what to work on going forward.

The group proposed $40 billion in Internal Revenue Service funding to yield $103 billion.

The SEC has tweaked certain accounting rules and is considering doing more.

Top White House aides wrapped up a meeting with a group of senators Tuesday without producing an infrastructure compromise, as differences on how to pay for a proposed $579 billion in new spending for roads, bridges and other projects continue to bedevil the talks.

The thoughtful development of a formalized internal control framework can help with effective management of risk.

Top administration aides are set to meet with a group of senators trying to come up with an infrastructure compromise.

Tax experts dissent the Biden budget proposal in search of planning opportunities.

U.S. oil and gas companies, along with their investors, may not be doing enough to reflect the impacts of the climate crisis in their financial reports.

The service has posted new procedures to explain how a change in tax law last year potentially affects the depreciation of residential rental property.