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Certain land donation deals that get hefty tax deductions will be under tighter scrutiny from Internal Revenue Service auditors.1h ago
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Sen. Ron Wyden, D-Ore., the top Democrat on the Senate Finance Committee, teamed up with several of his fellow Democrats on new legislation and investigations of reported abuses of the opportunity zone tax break for real estate investors.November 6
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Treasury Secretary Steven Mnuchin said he had no knowledge that his long-time friend and billionaire Michael Milken would benefit from a tax break his agency approved last year for a property in Nevada.October 30
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The 2017 Republican tax overhaul in the U.S. could provide relief for billionaire art collectors stung by the expiration of another major tax break.September 13
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Now a few of them have latched on to a generous new federal benefit for investing in lower-income U.S. communities.September 6
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Tax preparers and their clients should be paying attention to these changes for next tax season.September 3
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Most CPAs are familiar with the tax benefit of using an IC-DISC, but many do not realize the additional benefit that can be generated by a different method of calculation.August 20
DirectorMcGuire Sponsel
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The co-working giant is claiming tax breaks in Britain intended for small companies.August 20
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The state approved incentives for major films by two of Hollywood’s biggest studios.August 14
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The leaders of the Senate Finance Committee issued three summary reports from their internal task forces examining what to do about the perennial problem of temporary tax breaks that need to be extended every few years.August 13
