Tax regulations

The Internal Revenue Service has issued final and temporary regulations to curb the use of spinoffs of corporate assets into real estate investment trusts, or REITs, to reduce taxes.

The Federal Accounting Standards Advisory Board is proposing changes in how the federal government accounts for tax expenditures.

The so-called “sharing economy” isn’t doing such a good job of disseminating the necessary tax information with its participants.

Figuring out how to pay taxes on gambling wins can be difficult for many tax clients, not to mention how to account for the losses.

Over the last few years one of the most dynamic portions of the tax code has been depreciation and capitalization 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.