Tax

Seventeen states will soon offer sales tax holidays where state sales tax charges are temporarily dropped on back-to-school items and other qualifying products.

House Ways and Means Committee members Charles Boustany, R-La., and Richard Neal, D-Mass., have released a bipartisan proposal to create a so-called “innovation box,” a lower tax rate on income derived from intellectual property to encourage more multinational companies to keep intangible assets in the U.S.

Electronic payments and banking technology provider ACI Worldwide said the Internal Revenue Service has extended its relationship with the company’s OfficialPayments.com online bill payment service portal.

Lyle Benson of L.K. Benson & Co., who chairs the AICPA's PFP section, discusses the main personal financial planning issues identified by the AICPA's PFP section of concern to CPAs, in an interview with Accounting Today editor-in-chief Dan Hood.

In the first two quarters of 2015, there were 207 sales and use tax rate changes, up from 159 in the first six months of 2014, according to a new report.

UBS AG and a banker-turned-whistleblower were deemed to have too “unclean hands” to bring a malicious prosecution lawsuit against a real-estate developer who had accused them of duping him into filing a false tax return.

An 85 percent majority of CPAs in New Jersey expect their businesses to grow in the coming year, according to a new survey.

Two of our favorite recent tax fraud cases.

Hillary Clinton wants to raise capital gains taxes to encourage long-term investment, making it more expensive to sell stocks held for less than six years and adding complexity to the U.S. tax system.

Wolters Kluwer Tax & Accounting US has introduced a self-study e-learning program on the Internal Revenue Service’s tangible property repair regulations that comes with continuing professional education credits and a certificate of completion.