Tax regulations

New York and New Jersey have sued to find out why President Donald Trump’s administration scrapped an Internal Revenue Service rule requiring some tax-exempt organizations to disclose their donors.

A Florida accountant lost his battle to prove his yacht charter business was operated for profit.

The proposed regulations could unlock greater development in low-income communities and give investors a chance to reap tremendous profits.

There’s plenty of enthusiasm for new U.S. tax breaks for investing in low-income communities designated as opportunity zones. But many people have delayed spending because of uncertainty about how the incentives will work.

The proposed regulations offer further details about a provision of the Tax Cuts and Jobs Act aimed at spurring real estate investment in needy communities.

The revenue procedure gives teams a safe harbor when doing trades of their athletes, staff contracts or draft picks.

The program offers qualifying taxpayers who have capital gains income a highly flexible way to defer and eliminate a portion of the federal gain and possibly state gain.

The Internal Revenue Service released a revenue procedure Wednesday offering guidance on the use of tax-exempt bonds to provide housing for military veterans, farm workers and other groups.

The institute also released guidance on auditing prior-period financial statements.

Failure to establish nexus may undermine a bid for research and development tax credits.