Tax

The IRS's progress in improving tax compliance in recent years has been threatened by cuts in funding and hiring, according to a new report.

Eliminating federal incentives threatens to upend the U.S. energy industry by hampering the rollout of wind and solar.

Plus, Sage launches Tap to Pay feature; UHY offers CCMP accelerator courses; and other accounting technology news and updates.

Selling the OBBBA to the American people may prove to be tougher than passing it, even for a president who built a career on savvy branding.

The Treasury Department and the IRS will need to roll out guidance to explain the bill's newer provisions and how they differ from earlier tax legislation.

The Queens assemblyman brushed off concerns about higher taxes by saying wealthy New Yorkers would stay put regardless.

OBBBA and gambling; a billing lesson from bookkeeping; BOI 2.0; and other highlights from our favorite tax bloggers.

Many of the provisions of the OBBBA benefit businesses, but colleges and universities will take a hit, as will companies in renewable energy.

Here's why insurance-funded redemptions do not necessarily increase enterprise value and how a Supreme Court decision didn't reflect economic reality.

Thomson Reuters debuted two agentic AI offerings that are aimed at improving tax and advisory workflows: Ready to Advise and Ready to Review.

The IRS is giving payment and filing relief to taxpayers in the Lone Star State who were affected.

The ink is hardly dry on the $3.4 trillion tax and spending package and House Republicans are already at work on a follow-up budget bill coming this autumn.

The Trump megalaw's expansion of opportunity zone credits and other investment approaches comes with caveats based on timing and taxes.

The Internal Revenue Service's plan under the Biden administration to audit high-income taxpayers appears less likely after staffing and budget cuts.

The Big Four firm has acquired certain assets of boutique firm Trust Processing Solutions, based in Cincinnati.

CPAs play a crucial role in helping property owners maximize their profits through advanced tax strategies.

The president's signature tax law allows a long-standing business deduction for the cost of food provided to employees to expire.

The sweeping $3.4 trillion fiscal package is already creating opportunities for segments of the energy and climate industries that had fallen out of favor.

The Senate passed a bipartisan bill that would provide tax-filing relief for taxpayers in states that have issued state-level disaster declarations, sending the bill to President Trump for his signature.

Underhanded underground; down on the farm; reality check; and other highlights of recent tax cases.