The One Big Beautiful Bill Act reshapes core elements of international taxation, including the rules for controlled foreign corporations, foreign-derived income, and base erosion taxes.

One of the most lucrative tax breaks corporate America won in Trump's economic legislation is hitting a roadblock in a minimum tax Congress set three years ago.

Notice 2025-54, announces the special per diem rates for the special transportation industry rate, the rate for the incidental expenses-only deduction, and the rates and list of high-cost localities.

The agency extended the four-year replacement period for livestock sold due to drought.

Congress did not simply extend the Tax Cuts and Jobs Act provisions starting in 2026 with the One Big Beautiful Bill Act; it also modified some of those provisions effective in 2025.

The new tax law won't completely eliminate the complicated tax incentives for food on the job, but experts suggest businesses may change up their menus.

The Treasury Department released its proposal regarding tax relief on tips, one of Donald Trump's key promises in the 2024 campaign, including new prohibitions.

The proposed regulations on the "no tax on tips" provision of the One Big Beautiful Bill Act outline which jobs and tips would be eligible.

Senate and House Democrats proposed a bill to ensure billionaires pay a "fair share" of taxes, without actually raising their tax rate under current law, while Republicans advanced legislation pertaining to the IRS and the U.S. Tax Court.

Democratic demands include extending expiring Obamacare premium tax credits and reversing cuts to Medicaid made in Trump's signature tax law.

The Internal Revenue Service and the Treasury issued final regulations on the new Roth catch-up contribution rule from the SECURE 2.0 Act.

New York State's revenue could feel the impact of the One Big Beautiful Bill Act unless it makes changes in its tax laws.

The Internal Revenue Service has posted a draft version of Schedule 1-A that will be used next tax season when claiming new tax breaks.

President Donald Trump said companies should not be forced to deliver earnings reports on a quarterly basis, saying he preferred a six-month schedule he cast as saving businesses time and money.

Issuers must meet regulatory requirements, including SEC filings and compliance with auditing standards set by the PCAOB.

Paul Atkins warned the SEC might eliminate a rule that allows multinational companies to avoid reconciling their IFRS financials with U.S. GAAP.

The legislation currently moving through Congress could have dire tax implications for CPA firms that use global outsourcing.

A group of mostly Democratic lawmakers sent a letter to Treasury Secretary Scott Bessent criticizing recent moves to ease the corporate alternative minimum tax for large corporations in two recent notices.

James Moloney, a partner at the law firm Gibson, Dunn & Crutcher, will head the SEC's division of corporation finance starting next month.

Katherine Green, a dominatrix who creates online adult videos, wasn't expecting a windfall from President Donald Trump's signature push to make tips tax-free.