Tax

The so-called head tax would levy $21 per employee per month on companies with at least 100 workers, to raise $100 million for community-safety programs.

Netflix had to pay about $619 million to settle a multiyear tax dispute with Brazilian authorities going back to 2022.

Using AI to teach accounting; CPAs and financial statements; TIGTA on joint returns; and other highlights from our favorite tax bloggers.

The Trump administration agreed to procedures for student debt relief so borrowers who have their loans canceled this year don't get hit with a huge tax bill.

The American Institute of CPAs is asking for more flexibility for taxpayers who wish to claim tax deductions for overtime and tip income under the OBBA.

Anrok Inc., a startup helping software companies automate sales tax compliance, has raised $55 million in a Series C funding round.

Enforcement activity and Tax Court cases are at a standstill, and practitioners should expect backlogs and slowdowns.

Small businesses challenging the global tariffs urged the justices to affirm lower court rulings that the import levies amount to a massive tax on companies.

The doubling of California's film and TV tax credits to $750 million a year is showing promise in bringing production back to the state.

A millionaire levy in Massachusetts has generated $3 billion more in revenue than expected without forcing significant high-profile departures from the state.

The One Big Beautiful Bill Act will boost the number of filers who must calculate their AMT. But that doesn't mean they're all going to have to pay it.

Tax advisors can play a significant role in alerting clients to the availability of various options and strategies for an unneeded life insurance death benefit.

Influential conservative groups with deep pockets are pushing Republicans to demand steep concessions from Democrats in exchange for extending health care subsidies.

Starting next year, more households will need to calculate or pay the AMT. The rules are complicated. Here's how financial advisors can prepare themselves — and clients — for the changes.

Gary Shapley and Joseph Ziegler reached settlements with the IRS and the Justice Department, and their lawsuit against Biden's attorney was dismissed by a judge.

Video game developers are benefiting from research and development tax credits and recent changes in the rules for deducting R&D expenses.

Tax returns released by his campaign show he made over $4.2 million in capital gains and took a $4.8 million deduction, paying taxes on $5.9 million in income.

The expiration of premium tax credits for health insurance could lead to hundreds of thousands of job losses and billions in reductions to state revenues.

Brandon Johnson wants to close nearly half of next year's $1.19 billion deficit with new or higher taxes on large corporations, big tech companies and the rich.