Tax breaks

The American Institute of CPAs has sent the Internal Revenue Service a set of recommendations on changing some of the parking rules for tax breaks for transportation fringe benefits, which the Tax Cuts and Jobs Act mostly eliminated.

There’s plenty of enthusiasm for new U.S. tax breaks for investing in low-income communities designated as opportunity zones. But many people have delayed spending because of uncertainty about how the incentives will work.

A bipartisan group of senators has introduced legislation to make permanent the Work Opportunity Tax Credit, a tax break that encourages companies to hire veterans, people with disabilities and other groups who face barriers to employment, before it expires at the end of the year.

The Internal Revenue Service treats crypto money as a capital asset like stocks or property, not as a currency.

A pair of congressional representatives has introduced bipartisan legislation to discourage abuses of the conservation easement tax break.

The Internal Revenue Service issued guidance Friday on how to deal with state and local tax refunds in the context of the $10,000 limit on state and local tax deductions under the Tax Cuts and Jobs Act.

Bipartisan legislation would make a technical correction in the Tax Cuts and Jobs Act that has kept many stores and restaurants from renovating their facilities.

Canada is reining in a tax break on employee stock options by introducing a cap that it expects will impact executives of major, established companies.

A pair of Republican and Democratic senators introduced bipartisan legislation to fix one of the technical problems in the Tax Cuts and Jobs Act.

What types of businesses don’t qualify for QOZ investment, and which types of taxpayers are best suited for the program?

New tax incentives might not be enough to convince Corporate America to expand its U.S. operations beyond what it was already planning.

The legislation would retroactively extend tax provisions that expired at the end of 2017 and 2018 through the rest of 2019.

The program encourages the private sector to diversify their investment portfolio while revitalizing urban and rural districts that face economic challenges.

The e-commerce giant scrapped a deal this month to open offices in New York after clashing with local politicians and is backing out of another battle.

While wealthy people buying airplanes is nothing new, the tax overhaul provided a new incentive.

The country hopes to reverse swelling outflows to international tax havens.

The e-commerce giant does not plan to pay the IRS anything this tax season. Yet that’s not largely because of President Donald Trump’s tax overhaul.

Amazon.com Inc. walked away from billions of dollars of public subsidies when it announced Thursday it was abandoning plans for an office complex in New York. But it can still qualify for federal tax breaks intended to help distressed communities by building a new Virginia data center in America’s wealthiest county.

Florida’s Chief Financial Officer was quick to jump on Twitter Thursday, after Amazon.com Inc. scrapped its plan for a headquarters in New York City, reminding the company about the state’s tax policies and good weather.

Women with at least four children will be exempt from paying personal-income tax.