Tax deductions

Wolters Kluwer’s Mark Luscombe rounds up a host of items practitioners may want to address soon.

The American Institute of CPAs has joined with over 560 business and trade organizations in urging Congress to pass legislation.

With a CARES Act fix stalled along with stimulus legislation, the institute is urging CPAs to put pressure on their representatives.

New York authorities are seeking more records of Donald Trump's company’s communication with an engineer who helped appraise its property.

The top Republican and Democrat on the Senate Finance Committee said the Treasury Department “missed the mark” in new guidance that limits tax breaks for businesses that get their Paycheck Protection Program loans forgiven.

Proposed regulations would allow partnerships and S corporations to exceed the $10,000 limit on state and local tax deductions imposed by the Tax Cuts and Jobs Act.

The Internal Revenue Service issued its annual inflation adjustments Monday for tax year 2021, revising more than 60 tax provisions, including tax rate schedules, standard deduction amounts and more.

Accounting firms Crowe LLP and BKD LLP released year-end tax-planning guides Wednesday, during a time of great uncertainty over future tax changes in the midst of the novel coronavirus pandemic and the upcoming election.

This article looks at a few key components of the presidential nominees' tax positions.

A distributed workforce may lower an organizations tax obligations in some jurisdictions.