Tax research

Inflation-adjusted amounts in the Tax Code are predicted to increase 5.4% in 2024, according to a new report from Bloomberg Tax.

Accounting firms are less important than the partner leading the team in terms of the impact on the business's effective tax rate and the probability it will face an audit.

The company plans to invest $100 million per year in artificial intelligence starting next year.

Smaller accounting firms have been enthusiastic in experimenting with ChatGPT but so far are hesitating to put it towards serious client work.

Portland, Oregon, may penalize higher earners more than any other large U.S. city, according to a new report.

Instead of hiding gains, traders avoid tax by declaring losses using "wash trades" that are barred in regulated securities markets.

The District of Columbia, Massachusetts, Connecticut and Washington State had the highest incomes on average reported on tax returns.

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The Internal Revenue Service audits Black taxpayers at 2.9 to 4.7 times the rate of non-Black taxpayers, according to a new study.

The Internal Revenue Service audited fewer taxpayers last year, according to a new report, although audits of millionaires ticked up slightly.

Roughly 2.3 million U.S. taxpayers told the Internal Revenue Service they traded cryptocurrencies in 2020, data from the agency show.

The highest inflation rate in decades is likely to produce major increases on some tax items, according to predictions from Bloomberg Tax.

Specialized tax services can be a great way to enhance revenue and cement your relationship as the client’s trusted advisor.

The service is taking steps to increase its audit rates of higher-income taxpayers after coming under sharp criticism in Congress over its lagging audit numbers.

The service is being asked to provide more information about the race, ethnicity and sex of taxpayers but is facing legal restrictions, according to a new report.

CEOs who prefer risky sports hobbies are more likely to take a risky approach to their company’s tax planning, according to a new study published by the American Accounting Association.

The Internal Revenue Service has been increasing its tax audits of the lowest-income wage earners to keep its overall audit numbers from declining, according to a new report.

The following steps will guide you in establishing an all-inclusive tax research effort on behalf of your entire client base while ascertaining the likelihood of success.

John Wiley & Sons has updated its annual J.K. Lasser series of tax guides with information for preparing tax returns this year.

The amount of civil tax lawsuits filed by the Internal Revenue Service in federal court this year is only half the number of a decade ago, but has held steady since last year.