Tax regulations

Each state handles taxation of 1031 exchanges differently, but Pennsylvania is a particular outlier.

Extended deadlines, exemptions from some securities laws, and relaxation of low-income housing rules aim to help those affected by the storm.

The American Institute of CPAs presented testimony Tuesday during a hearing conducted by the Treasury Department and the Internal Revenue Service about the proposed regulations for implementing the qualified business income rules under the Tax Cuts and Jobs Act.

The American Institute of CPAs testified Tuesday at an Internal Revenue Service hearing about the problems the AICPA is anticipating from the IRS and Treasury Department’s proposed rules for auditing large partnerships.

The Internal Revenue Service is giving businesses a tax break they thought they had lost in the tax overhaul last year — write-offs for wining and dining clients.

The Internal Revenue Service released guidance Wednesday on the business expense deduction for meals and entertainment in the wake of the Tax Cuts and Jobs Act.

The Internal Revenue Service and the Treasury Department intend to issue proposed regulations providing that the market discount on a bond isn’t includible in income, according to a section of the new tax law.

The Internal Revenue Service issued its annual notice Wednesday describing the daily rates that taxpayers can use for lodging, meals and other expenses when traveling for business.

The move would be a boon to the technology and pharmaceutical industries.

Taxpayers can use the deduction up until the Tax Cuts and Jobs Act says they can't.