Tax breaks

Sen. Ron Wyden is targeting Top 15 Firm Baker Tilly and others in an investigation into whether opportunity zone investments are benefitting low-income areas as intended.

Much of the data necessary for compliance is unavailable, according to a new report.

That Rothko, Basquiat or Banksy hanging in the front hall may be a great way to get a tax break.

Here are some tips for accounting firms to advise their clients and internal teams to invest in employee wellness.

Manchin said any new programs should be means-tested and that the tax offsets should include elimination of the carried-interest provision that especially benefits private equity firms.

Qualified small business stock may lose a lot of its value if congressional proposals go through.

The service has issued Notice 2021-52 with special per diem rates that take effect Oct. 1, 2021.

As a tax accountant, it is your job to help your clients track their payments online and receive the money as soon as possible.

The Biden administration’s tax proposals could have a negative impact on real estate investing.

The Internal Revenue Service is giving employers more leeway in claiming the Work Opportunity Tax Credit to hire people in underprivileged areas who face significant obstacles to employment for jobs in summer youth and community programs.