Tax breaks

The Internal Revenue Service said Friday it’s ready to process tax year 2017 returns claiming four additional tax benefits recently renewed retroactively into law, including tax breaks related to energy conservation and production.

The Internal Revenue Service is prepared to handle three popular provisions that had expired for 2017 but were recently given new life by Congress.

President Donald Trump’s tax law could make divorce an even more miserable experience, according to a new survey of the nation’s top matrimonial attorneys.

Treasury Secretary Steven Mnuchin said the Internal Revenue Service will issue guidance within the next two weeks to prevent hedge-fund managers from dodging new tax rules on carried-interest profits.

The Internal Revenue Service is giving homeowners whose homes were damaged by deteriorating concrete foundations more time on a safe harbor it issued last year.

President Trump just signed and enacted a two-year budget bill that extends government funding through March 23 and also retroactively extends numerous tax breaks that had previously expired.

The bipartisan budget deal signed into law Friday by President Trump contains 36 tax extenders that had expired at the end of 2016 and makes them retroactive to 2017.

Tucked inside the bipartisan budget deal are a slew of tax breaks for NASCAR, Hollywood, racehorses and rum. And beer, too.

Businesses—especially smaller firms—may scale back on treating clients to major league baseball games, golf outings and the like after Congress and President Donald Trump ended a tax break for such entertainment.

A split inside the White House helped preserve a loophole that benefits investment fund managers in the tax bill that’s headed for President Donald Trump’s desk—despite Trump’s campaign promise to abolish it.