Tax

The American Institute of CPAs is urging the IRS not to merge its Office of Professional Responsibility with its Return Preparer Office to avoid confusion.

The issues concern the constitutional division of taxing power, the potential role of Congress in determining trade rules, and costs to businesses and households.

The president's comments come as Senate Republicans prepare to hold a vote on extending the tax credits, which are slated to expire at the end of this year.

Senator Todd Young is urging the IRS to reconsider guidelines on the tax treatment of rewards crypto owners collect for locking assets on a blockchain network.

A group of former Internal Revenue Service leaders discussed the state of the IRS at an AICPA tax conference after a wave of departures and layoffs.

Quant firm Dimensional Fund Advisors has received formal approval to adopt a fund structure that for two decades has been used exclusively by Vanguard.

Chicago Mayor Brandon Johnson's proposal to levy a $21-per-employee, per-month tax on companies was shot down by a city council committee on Monday.

The Treasury Inspector General for Tax Administration will examine the workforce reductions by the Trump administration and the elimination of paper checks.

Chicago homeowners are getting hit with a record property tax hike after downtown office buildings and other commercial real estate values fell again.

The company, part of Malaysia's Genting Group, wants the state to lower its proposed tax rate or raise the levy that may be imposed on the other bidders.

Pressure from political activist Laura Loomer apparently torpedoed the nomination of Donald Korb, who had previously served as chief counsel under President George W. Bush.

The Internal Revenue Service announced the rates for the start of next year, which will stay the same as this quarter.

Borrowers who receive discharges of their student debt under the Income-Driven Repayment program could be facing tax bills as high as $10,000 next year.

Chinese tax authorities ordered e-commerce giants to hand over sales data for the first time, in a rare move to crack down on tax evasion.

The Internal Revenue Service increased the annual retirement plan contribution limits for 2026 thanks to cost-of-living adjustments for inflation.

The higher standard deduction since 2017 has dramatically reduced itemization. But the new law provides incentive for teachers to consider whether that's feasible.

CBIZ has released its 2026 Tax Planning Guide, offering a resource to help businesses and individuals navigate the One Big Beautiful Bill Act.

Handling tough clients; not all revenue is created equal; military returns; and other highlights from our favorite tax bloggers.

Millionaires, who comprise less than 1% of New York City filers, generate 40% of city income tax revenue, says the Citizens Budget Commission.

President Trump's idea of mailing $2,000 "dividend" payments from tariffs to citizens marks a throwback to the stimulus checks distributed during COVID.