Tax code

It’s tax time for everyone, but for entrepreneurs in the rapidly growing cannabis business, it’s a particular challenge.

The Internal Revenue Service is working on a new study analyzing the 62-year-old rules for corporate spinoffs.

Like-kind exchanges can vary greatly in their complexity. Basic transactions may require little mental horsepower to conduct, but some can be extremely tricky.

Stress and other disasters; federal deductions and income segregation; Olson’s retirement; and other highlights from our favorite tax bloggers.

The lawmaker will take the helm of the panel that oversees three contentious issues: trade, health care and taxes.

These proposed regulations affect taxpayers who deduct depreciation for qualified property acquired and placed in service after Sept. 27, 2017.

The Internal Revenue Service has issued a notice soliciting comments on how to apply a new section of the tax code that was added by the Tax Cuts and Jobs Act pertaining to the unrelated business income taxes for otherwise tax-exempt organizations.

Helping injured vets; donation changes; states conforming to the TCJA; and other highlights from our favorite tax bloggers.

In many cases, the profitable sale of a second home will result in a tax-favored capital gain.

Despite the uptick in interest rates, an improved economy may lead to a resurgence of interest in vacation or second homes.

The tax prep chain is one company that's not happy with the Trump tax cuts.

The agency is waiving some of the late-payment penalties pertaining to the section 965 transition tax on foreign earnings in the new tax law.

The American Institute of CPAs wants additional guidance about Bitcoin taxes.

The National Society of Accountants wants the Internal Revenue Service to provide a six-month extension for businesses to opt to be treated as S corporations for this year, arguing the current deadline of March 15 is too soon to make a decision given the uncertainty surrounding the new tax law.

Thomson Reuters has released several resources to help tax and accounting professionals deal with the Tax Cuts and Jobs Act.

This week marks the last leg of Republicans’ push to revamp the U.S. tax code, with both the House and Senate planning to vote by Wednesday on final legislation before sending it to President Donald Trump.

Even Bruce McGuire, founder of the Connecticut Hedge Fund Association, understands if wealthy Northeasterners flee the region due to changes in the tax code.

The Senate released the 515-page text of its sweeping tax legislation for the first time Monday evening—and Republican leaders plan to hold a floor vote on it within 10 days.

The right-leaning Tax Foundation lowered its estimate for the boost to economic growth that it says would result from the House Republican tax bill.

The Tax Cuts and Jobs Act makes major changes to individual income taxation.