Tax code

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.

The American Institute of CPAs sent a lengthy to-do list to Capitol Hill with a wide-ranging set of tax proposals large and small.

Although the law includes several benefits, many manufacturers and trade groups were disappointed it did not repeal the Section 174 R&D expenditure capitalization requirements of the TCJA.

Will the average taxpayer qualify for a larger deduction or credit, or will their eligibility drop?

The billions in student loan debt forgiveness announced by the Biden Administration will be exempt from federal taxation but could be taxable at the state level in more than a dozen states — a hiccup many states are expected to quickly handle.

Draft of the new 1040; the rich get caught, too; how to speak accounting; and other highlights from our favorite tax bloggers.

R&D amortization; FAQs’ limits; ‘tax’ by any other name; and other highlights from our favorite tax bloggers.

Musk is using a strategy favored by many billionaires — borrowing against highly appreciated stock to get cash without having to sell.

Math error not in your favor; TIN matching; worst-written notices; and other highlights from our favorite tax bloggers.

IRS site not as popular; marketing’s place in talent acquisition; new blog; and other highlights from our favorite tax bloggers.

Rep. Bill Pascrell is looking at coach compensation information to see if their large salaries run afoul of the schools’ tax-exempt status.

House Ways and Means Oversight Subcommittee chairman Bill Pascrell, D-New Jersey, is asking the Treasury Department to curb the use of irrevocable grantor trusts by wealthy families to avoid taxes.

Congress is asking questions about the high salaries paid to college football coaches at some top schools that receive tax exemptions from the Internal Revenue Service.

Here’s how to save clients money while staying off the IRS ‘Dirty Dozen’ list.

The biz climate in all 50; extend them not; when partners won’t commit; and other highlights from our favorite tax bloggers.