Tax regulations

The proposed regs were a long time in coming, but generally taxpayer friendly. Here are seven key updates.

The American Institute of CPAs has sent the Internal Revenue Service a set of recommendations on changing some of the parking rules for tax breaks for transportation fringe benefits, which the Tax Cuts and Jobs Act mostly eliminated.

Planning for the deduction can yield significant tax savings.

The Internal Revenue Service has issued final regulations upping user fees on enrolled agents and enrolled retirement plan agents.

The American Institute of CPAs has submitted a set of recommendations to the Internal Revenue Service about accounting method changes.

The Internal Revenue Service has issued a notice setting the inflation-adjusted maximum value of a vehicle provided by an employer to an employee for personal use.

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.