Trump tax plan

The Internal Revenue Service has provided guidance on how to deal with the restoration of full expensing of research and development costs under the One Big Beautiful Bill Act.

Buybacks have drawn the ire of some members of the Trump administration, having been a topic in the wrangling over President Trump's signature tax bill.

Even though the One Big Beautiful Bill Act made substantial changes in the Tax Code, one area where that may not be seen so much is in terms of simplification.

The Internal Revenue Service has released a draft version of the 2026 Form W-2, Wage and Tax Statement, with new fields for the exemptions on tips and overtime.

The One Big Beautiful Bill Act is one of the most significant tax reforms since the Tax Cuts and Jobs Act of 2017.

The Internal Revenue Service issued answers to frequently asked questions about the soon-to-expire tax credits for solar and wind power and electric vehicles.

S&P Global ratings reckons money flowing from the levies will offset the impact on the U.S.'s budget position from the recent tax and spending bill.

Vestas Wind Systems A/S shares jumped after guidance brought much-anticipated clarity to the rules on how clean energy projects can qualify for tax credits.

The Trump administration tightened long-standing eligibility requirements for clean energy tax credits.

The sprawling new tax law includes a number of provisions that present opportunities for accountants and tax professionals to discuss estate and gift planning.