Tax regulations

Summer isn’t too far away, and many parents are wondering if they can afford to send their kids away to summer camp this year. The ability to take a tax deduction for such expenses could make all the difference.

The American Institute of CPAs has sent a comment letter to the Internal Revenue Service about Notice 2015-54, Transfers of Property to Partnerships with Related Foreign Partners.

The European Union, locked in a tax battle with the likes of Apple Inc. and McDonald’s Corp., laid down the law in its bid to rein in governments that woo multinationals with special fiscal deals allowing them to reduce their fiscal liability by booking profits abroad.

The Internal Revenue Service has released final regulations for disbursements from Roth individual retirement accounts, removing the allocation rule for disbursements from designated Roth accounts to multiple destinations.

Donald Trump claimed income of more than $557 million over the last year, though the campaign provided few details on the sources of the money.

The American Institute of CPAs is asking the Internal Revenue Services to make some changes to a form that tax-exempt groups use to report on transactions with “interested persons.”

In January, Donald Trump had this to say when he was asked about whether he would release his tax returns: “I have very big returns, as you know, and I have everything all approved and very beautiful and we’ll be working that over in the next period of time.”

If Donald Trump refuses to release his tax returns before November, it would be “disqualifying” to the presumptive Republican presidential nominee’s election bid, former Massachusetts governor and 2012 party nominee Mitt Romney said.

A practical guide to movie production tax incentives

Donald Trump said “hedge fund guys are getting away with murder” when he called for ending a lucrative tax advantage for investment managers, but his published tax plan would give them an even bigger break.