The measure now heads to the Senate where lackluster Republican support threatens to sink it.

The House passed tax extenders legislation that revives the enhanced Child Tax Credit, the ability to fully deduct R&D expenses in the first year, 100% bonus depreciation, disaster tax relief, and more.

Speaker Mike Johnson will allow a vote on a $78 billion business and child tax break bill, siding with corporations over a group of Republicans who objected to the package negotiated with Senate Democrats.

Incentives and resistance; inspiring staff ambition; the keys to change; and other highlights from our favorite tax bloggers.

The IRS is pushing back payment and filing deadlines.

The Qualified Business Income tax deduction of 20% is set to expire in 2025 (unless it's extended), which may have clients who are starting a business wondering about the potential impact of their choice of entity.

The Korean internet and messaging powerhouse has hired a law firm to probe SM's books at the request of Kakao board's audit committee

As the Internal Revenue Service and tax professionals prepare for the start of tax season, last-minute tax law changes are possible thanks to a deal working its way through Congress.

A growing divide is emerging between Republicans and the business interests the GOP once unflinchingly championed.

The House Ways and Means Committee reported the text of the Tax Relief for Workers and Families Act after voting last week to advance the bipartisan bill.

The agency is adding new financial reporting and accounting requirements for SPAC deals.

An inside look at the Tax Relief for American Families and Workers Act of 2024 as it works its way through Congress.

Among others, Enrolled Agents with Social Security numbers ending in 7, 8 or 9 must renew with the IRS by Jan. 31.

Archer Daniels Midland stunned the agricultural trading and processing world with its bombshell that its CFO is on leave pending an investigation into accounting practices.

Archer-Daniels-Midland suspended its chief financial officer and cut its earnings outlook pending an investigation into its accounting practices.

The Internal Revenue Service and the Treasury released information on tax incentives for installing electric vehicle charging stations and where they can be located.

The American Institute of CPAs is asking to modify the guidance on catch-up contributions in the wake of the SECURE 2.0 Act of 2022.

Congress moved one step closer to enacting $78 billion in business and child tax breaks Friday, although election-year politics add risk to the legislation's prospects.

Plus, ZenBusiness announces new beneficial ownership filing capacities; and other accounting technology news.

Proponents of affordable housing are hearted by provisions related to the Low-Income Housing Tax Credit, saying they could result in financing over 20,000 homes.