Tax regulations

The IRS won’t treat cash-for-vacation donations as compensation.

Congress introduced bipartisan legislation aimed at changing the estimated tax payment deadlines to a uniform, quarterly schedule.

Financial-services companies are set to be exempt from a global plan to make multinational firms pay more tax to the countries where they operate, in a win for U.K. Chancellor of the Exchequer Rishi Sunak.

The early draft instructions respond to comments the IRS received from last summer's draft instructions.

The guidance gives renewable energy companies more time to develop projects that were delayed by COVID-19.

The service has posted new procedures to explain how a change in tax law last year potentially affects the depreciation of residential rental property.

The topic of Employer Identification Numbers is sure to arise as accountants help clients get all of their tax to-dos in order.

Commissioner Rettig told the Senate Finance Committee that the value of the cryptocurrency market now tops $2 trillion.

A GAO report finds that the regulations were burdensome for multinational companies, even though they saved through lower tax rates.

Better, more timely guidance from the IRS would do more to drive compliance, writes Alexis Leondis.