Tax deductions

Business owners and accountants alike can look to take advantage of certain deductions and expenses.

Accounting firms and their clients are growing worried about upcoming changes in the ability to deduct research and development costs and are asking Congress to do something about it.

A major promoter of land conservation deals and six others were indicted as the IRS escalated a crackdown on what it says are fraudulent syndicated deals.

Two House Democrats have a new plan to provide a more generous state and local tax deduction.

Under IRS rules, donors can both deduct the value of the gift and avoid any capital-gains tax on the investment.

The Golden State is poised to restore corporate tax breaks and extend its workaround for the federal cap on deductions for state and local taxes.

The service is working on text bots and chat bots to improve access, and managing issues around the ACTC and EIPs.

Things are going to get difficult, and practitioners shouldn’t expect help from the IRS, experts warn.

A Tax Court case illustrates the complexity of deciding when, exactly, a business becomes a good concern in the eyes of the IRS.

Several House Democrats promise to sink President Biden’s economic agenda if doesn't include an expansion of the federal deduction for state and local taxes.