Tax regulations

The top Republican and Democrat on the Senate Finance Committee said the Treasury Department “missed the mark” in new guidance that limits tax breaks for businesses that get their Paycheck Protection Program loans forgiven.

The award recognizes a tax professional who is passionate about the field.

Proposed regulations would allow partnerships and S corporations to exceed the $10,000 limit on state and local tax deductions imposed by the Tax Cuts and Jobs Act.

The Internal Revenue Service has posted instructions for both employers and employees about how to handle the Form W-2 reporting for the payroll tax deferral under President Trump’s executive action.

The Internal Revenue Service is now allowing tax advisors and taxpayers to fax the Form 8918, Material Advisor Disclosure Statement, as part of its response to the novel coronavirus pandemic.

Whoever wins Nov. 3, there are sure to be changes ahead in tax rates and tax policy.

The Internal Revenue Service issued guidelines Wednesday scaling back a tax break for client entertainment, following through on an element of President Donald Trump’s 2017 tax overhaul that he has said he wants to reverse amid the virus pandemic.

The Internal Revenue Service published final regulations for Achieving a Better Life Experience, or ABLE, accounts for disabled Americans.

Under the proposed regulations, amounts paid for DPC arrangements and HCSMs are treated as deductible medical expenses.

Cryptocurrency investors face a tricky and fast-changing tax landscape worldwide with sparse guidance in many areas, according to a new report from PwC.

Regs on retirement-payment withholding updated

The regs clarify that certain deductions aren’t to be considered miscellaneous itemized deductions.

The Internal Revenue Service and the Treasury Department issued the last set of final regulations to implement the 100 percent additional first-year depreciation deduction from the Tax Cuts and Jobs Act.

Final rules have been released for claiming the rehabilitation credit under the Tax Cuts and Jobs Act.

The site informs cannabis business owners about their tax responsibilities.

Taxpayers can use the rates to substantiate the expenses they can deduct for lodging, meals and incidental expenses.

The pandemic may encourage business owners to ‘borrow’ from the government.

The Compliance Assurance Process aims to help large corporations with real-time resolution.

Constant and confusing changes to rates, rules and regulations globally have made international tax a hot area.

Most tax practitioners and real estate investors are aware of the depreciation-related changes to the tax code in recent years. However, because of the rapid changes to these rules, many people are less aware of the interactions between these provisions.