Tax

The One Big Beautiful Bill Act reshapes core elements of international taxation, including the rules for controlled foreign corporations, foreign-derived income, and base erosion taxes.

Stealing her age; unmade in the U.S.A.; bad company; and other highlights of recent tax cases.

A look ahead at what tax professionals and accountants should be worrying about getting sued for next year.

Some cannabis companies are getting around the tax problems they typically face by setting up employee stock ownership plans.

The Treasury Department reported it has made significant progress on modernizing information systems at the Internal Revenue Service and signed agreements.

One of the most lucrative tax breaks corporate America won in Trump's economic legislation is hitting a roadblock in a minimum tax Congress set three years ago.

Tax traps; women in the profession; checking out; and other highlights from our favorite tax bloggers.

The Internal Revenue Service and Treasury Department's phase out of paper refund checks for individual taxpayers is the first step in an earlier announced order to more widely transition to electronic payments.

Notice 2025-54, announces the special per diem rates for the special transportation industry rate, the rate for the incidental expenses-only deduction, and the rates and list of high-cost localities.

The Swiss bank settled the long-running tax evasion case in France for less than a fifth of the original fine.

The agency extended the four-year replacement period for livestock sold due to drought.

Congress did not simply extend the Tax Cuts and Jobs Act provisions starting in 2026 with the One Big Beautiful Bill Act; it also modified some of those provisions effective in 2025.

The new tax law won't completely eliminate the complicated tax incentives for food on the job, but experts suggest businesses may change up their menus.

The Treasury Department released its proposal regarding tax relief on tips, one of Donald Trump's key promises in the 2024 campaign, including new prohibitions.

The proposed regulations on the "no tax on tips" provision of the One Big Beautiful Bill Act outline which jobs and tips would be eligible.

Reality bites; can buy you love; community mistrust; and other highlights of recent tax cases.

Senate and House Democrats proposed a bill to ensure billionaires pay a "fair share" of taxes, without actually raising their tax rate under current law, while Republicans advanced legislation pertaining to the IRS and the U.S. Tax Court.

Tax management platform Instead is planning to offer completely free tax return preparation and filing for Forms 1040, 1041, 1120, 1120-S and 1065.

The One Big Beautiful Bill Act contains several provisions that could affect the future of nonprofit organizations.