Tax code

The unchanged tax code; AI hype; M&A promise; and other highlights from our favorite tax bloggers.

While large companies can afford not to currently expense research and development costs, but many small companies can't, say experts.

AitM; IRS strategies after Chevron; the taxman's jackpot; and other highlights from our favorite tax bloggers.

The Internal Revenue Service and the Treasury Department issued guidance answering questions related to educational assistance programs.

The timing of restructuring will be critical, though, thanks to its significant tax implications.

Our confusing Tax Code; IRS mail problems; disaster victims' deadline; and other highlights from our favorite tax bloggers.

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.