Tax practice

Truckers and other owners of heavy highway vehicles must, in most cases, file their next federal highway use tax return on August 31.

Donald Trump’s revamped tax plan stands in stark contrast to his rival Hillary Clinton’s plan, although many of the differences go back to the traditional split between the Republican and Democratic approaches to tax reform.

Democratic presidential nominee Hillary Clinton and her husband, former president Bill Clinton, earned adjusted gross income of $10.6 million in 2015 and paid $3.6 million in federal income taxes, according to a tax return her campaign released Friday as it sought to draw a contrast with her Republican rival, Donald Trump.

Rupert Grint, who played Ron Weasley in the Harry Potter movies, failed in an effort to recover approximately 1 million pounds on his tax refund from the United Kingdom, showing that Expelliarmus spells don’t work with the U.K. tax authorities.

The Internal Revenue Service is unable to prevent contractors with unpaid taxes from receiving payments, according to a new report, despite legislation authorizing it to do so.

Sen. Charles Schumer, D-N.Y., is urging Congress to exempt Olympic medalists from taxes on their medals and monetary bonuses.

Donald Trump’s campaign is preparing to tweak one of his boldest tax proposals out of concern that it might lead some high-income earners to try “to scam the system,” one of the Republican presidential nominee’s economic advisers said.

For several decades, estate planners have been using entities such as family limited partnerships or family limited liability companies as an estate planning tool.

A former Internal Revenue Service employee was sentenced Wednesday to nine years and two months in jail for leading a $1 million identity theft scheme that ensnared hundreds of taxpayers.

Hillary Clinton ripped Donald Trump's economic plan as a boon to the wealthiest Americans, including himself and his family, that will only increase the burden on middle-income taxpayers already pressured by stagnant wages.

The Internal Revenue Service is sounding the alarm about a new scheme in which scammers send emails purporting to come from tax software companies, instead fooling tax preparers into clicking on a link that will load malware on their computers.

The Internal Revenue Service has closed an eight-year exam of about $300 million of tax-exempt bonds issued for The Villages, one of the world’s largest retirement communities, without imposing a penalty, according to a filing by the development districts that issued the debt.

The Internal Revenue Service is recommending tax professionals monitor their Preparer Tax Identification Numbers for signs of suspicious activity.

The Tax Court held a husband and wife who supplied information to the Internal Revenue Service are entitled to a full 24 percent of the “collected proceeds,” which includes a criminal fine and civil forfeitures to the government, not just tax restitution.

The Internal Revenue Service has issued a revenue procedure saying a charitable remainder annuity trust that includes a sample provision in its governing agreement won’t be subject to a test that could disqualify it.

When Donald Trump first rolled out his tax plan last October, it contained a major boon for the middle-class—a near quadrupling of the standard income-tax deduction, to $25,000 for individuals and $50,000 for couples filing jointly.

Small-business and manufacturers’ groups praised a proposal by Republican presidential candidate Donald Trump to take the U.S. federal corporate tax from the highest to one of the lowest among developed nations.

Thomson Reuters has added content to its Checkpoint Catalyst tax and accounting research service on passive foreign investment companies and sales and use tax exemptions for manufacturers.

Donald Trump has cast himself as the establishment’s worst nightmare, but his new economic plan borrows heavily from the traditional Republican playbook in seeking to return the U.S. economy to the pre-crisis days of headier growth.

Donald Trump on Monday sought to cast Hillary Clinton’s economic program as an ineffective relic, and to reset his own presidential campaign after a string of missteps.