Tax deductions

Businesses donating to charitable funds in exchange for a state tax credit can deduct those costs from their federal taxes, according to regulations released on Friday.

The American Institute of CPAs joined with more than 170 organizations in asking congressional leaders to allow businesses to write off expenses associated with loan forgiveness under the Paycheck Protection Program.

Granting and forgiving loans in different years can create problems.

Top 10 Firm Crowe has put together an at-a-glance guide to the candidates' positions on individual taxes.

The rules for employer-provided parking are particularly complex.

Time is running out for further relief efforts before the August recess.

In a letter to leading legislators, the group also urged them to make businesses expenses paid with PPP money deductible.

The Internal Revenue Service moved to ease the tax burdens of private equity portfolio companies and heavily indebted industries.

The service released the final regulations and other guidance on the deduction, which was amended by the CARES Act.

The coronavirus pandemic has only highlighted the enduring value of land as an investment.