Tax

The Trump administration would try to lower the federal budget deficit through Congress by the end of this year if Democrats are able to flip either chamber in the midterms.

Tax audits by the Internal Revenue Service focus overwhelmingly on the richest taxpayers — and on the poorest, leaving middle-income earners the least likely to be audited.

Both the U.S. and Canada have increased tariffs across the border in recent weeks, ratcheting them as high as 50% — and businesses are caught in the middle.

Appeals versus the Tax Court; fourth quarter tax projections; state budget planning; and other highlights from our favorite tax bloggers.

Most Internal Revenue Service employees avoided directly contacting taxpayers who were represented by tax professionals, but there were some misunderstandings.

The economic pain that Canadian Prime Minister Mark Carney warned would come from a trade war is now a reality for some small businesses that export to the U.S.

The IRS will be cracking down further on people who fail to file tax returns after earlier efforts didn't do enough, according to a new report.

While donating stock is a clear win for clients to avoid capital gains taxes, gifts of property require a qualified appraisal to get a deduction.

A group led by the actor Jon Voight is hoping to get legislation introduced in Congress that would create new federal tax incentives for film and TV production in the U.S.

Special Tax Shelter Strategy; ghost prepared; material falsehoods; and other highlights of recent tax cases.