Tax

The agreement involved raising the limit on the state and local tax deduction to $40,000 a year for five years.

The remarks give Republican negotiators additional breathing room as lawmakers remain at loggerheads over several issues in the massive economic package.

Voting 6-3, the justices rejected contentions that Congress unconstitutionally handed off its taxing powers.

AI-driven firms fail to mention that if their AI-generated tax advice results in an audit, their customers, not the firms themselves, are held legally liable.

Plus, K1x launches 1099 aggregator; Ledgre announces tax assistant for rental property owners; and other accounting tech news.

Effort to eliminate regulations on short-barreled rifles, short-barreled shotguns and silencers hit a roadblock with the Senate parliamentarian.

Another Naughty list; a couple of sharks; Miami vice; and other highlights of recent tax cases.

A deal with G-7 allies will exclude U.S. companies from some taxes imposed by other countries in exchange for removing Section 899 from Trump's tax bill.

From an accountant's perspective, the trade deficit isn't a sign of economic weakness. As with any financial flow, there are two sides to the ledger.

The development could bring great relief to Wall Street investors worried about punitive tax measures on foreigners.

Senate Parliamentarian Elizabeth MacDonough ruled ineligible provisions that would have limited states' ability to tax health care providers to fund Medicaid.

Cutbacks at the Internal Revenue Service portend difficult tax seasons ahead, Taxpayer Advocate Erin Collins reported to Congress.

While much attention has been paid to artificial intelligence in audit, bookkeeping and reporting, one of the most overlooked opportunities lies in tax credits and incentives.

Silicon Valley leaders are throwing their weight behind the tech industry's drive to use Trump's tax bill to sweep away state regulations on artificial intelligence.

Taxpayers made receive notices in error that say the Internal Revenue Service hasn't received their electronic payments.

DOJ clipped; seven years of Wayfair; the true reason to change the IRC; and other highlights from our favorite tax bloggers.

The Internal Revenue Service's Criminal Investigation unit has been experiencing ups and downs in recent years due to budget boosts and cuts from Congress.

The administration expects Senate leaders to bring the massive legislation to the floor on Thursday.

Senate Republicans are aiming to wipe away budget red ink from the GOP's signature tax-and-spending bill with an unprecedented parliamentary maneuver.

The distinctions between the two versions of the Trump tax bill aren't huge, but they could still make a big difference.