U.S. Treasury Department rules outlining which businesses structured as S corporations, partnerships and limited liability companies can claim a 20 percent tax deduction are likely to be delayed until the end of July, according to a senior administration official.

The National Association of Enrolled Agents has written a letter to the Internal Revenue Service strongly criticizing the draft version of the new Form W-4, the Employee’s Withholding Allowance Certificate, saying it raises privacy concerns and creates a “substantial risk of underwithholding.”

It was supposed to be the best of times for the biggest U.S. banks: Rising interest rates and corporate tax cuts would boost profitability and spur lending, while deregulation lowered costs.

An obscure tax provision from the 1960s that was left untouched by President Donald Trump’s overhaul could let wealthy individual investors seize for themselves the largest corporate tax cut in U.S. history.

In many cases, the profitable sale of a second home will result in a tax-favored capital gain.

The new tax law allows for full and immediate write-offs through 2022.

New, more complicated marital situations call for careful tax planning.

U.S. growth expectations may be too rosy as analysts overestimate how much tax cuts will boost the economy, according to an economic letter from the Federal Reserve Bank of San Francisco.

The Internal Revenue Service did a lot to implement the Foreign Account Tax Compliance Act, yet its efforts have fallen short, says TIGTA.

The Internal Revenue Service’s six additional schedules hardly seem to fit onto a postcard.

Despite the uptick in interest rates, an improved economy may lead to a resurgence of interest in vacation or second homes.

The education provider offers courses about the complexities of accounting and taxation of digital currencies such as bitcoin and ethereum.

One of the most fascinating things about the field of tax law is the way in which it often compels us to carefully analyze many terms that are used casually in everyday conversation.

Tax pros discuss the issues they're finding as the consequences of tax reform become clearer.

This emerging taxpayer community will need special guidance on the new rules.

The web application automates assessment and provides on-demand reports.

The draft version of the streamlined form tries to deliver on one of the promises of the tax simplification effort, but adds more schedules.

More entities can now qualify for the scaled-back rules.

Bonus depreciation has changed tremendously over the past few years as companies use it to focus on revitalizing and rehabbing their companies and properties.

Thomson Reuters Checkpoint Catalyst has published an analysis of the new Section 199A qualified business income deduction for pass-through entities ushered in by the Tax Cuts and Jobs Act.