Tax code

R&D amortization requirements are becoming a major issue for many companies, causing a significant tax burden they may not be able to handle.

Chief obstacles; tax illiteracy; what makes a great preparer; and other highlights from our favorite tax bloggers.

Nuances of VAT; financial gift ideas; welcome, outstanding offenders; and other highlights from our favorite tax bloggers.

The classification of marijuana as a Schedule I controlled substance has put cannabis businesses in a bind as far as federal taxes go, even as more states move to legalize the plant.

The IRS's interim guidance answers many questions but leaves others unaddressed, according to tax experts.

Legislation to extend the 20% deduction for pass-through businesses beyond its expiration date in 2025 is attracting bipartisan support in the House and Senate.

A draft of legislation aims at reducing double taxation for employees and businesses involved in cross-border investment between the two countries

The service offers a wealth of resources that can be enormously useful to tax practitioners.

Leaders of the Finance Committee are seeking input on how to adjust the rules for digital assets.

A pair of senators are reintroducing bipartisan legislation to eliminate gender-specific spousal references in the Tax Code and protect LGBTQ+ Americans from discrimination.

As bonus depreciation leverages down, cost segregation professionals have to wonder what happens if bonus phases out.

More art than science, financial advisors can face difficulty in determining what constitutes a "substantially identical" security.

Cannabis companies need accounting support to remain compliant and keep their licenses, but there's some hesitancy for professionals like CPAs to provide services to this industry.

Republicans rejected a Democratic proposal that would seek to raise revenue by altering a dozen tax provisions.

Signed into law last December and now partly in force, the sweeping retirement overhaul package presents new planning opportunities for millions of Americans and financial advisors.

The amortization requirement for R&D expenses under the Tax Cuts and Jobs Act recently took effect, but that doesn't end questions about it.

The service is extending a transition period for an exception to the requirement for companies to pay taxes on royalties for intellectual property abroad.

The Internal Revenue Service issued a revenue ruling that aims to prevent abuse of stepped-up basis adjustments in irrevocable grantor trusts.

Correct accounting, tax preparation and reporting in the cannabis industry requires proper operational setup and processes, expertise and tools.

With input from tax influencers, a Keeper report discusses five enduring Tiktok myths about personal finances.