Tax

The Internal Revenue Service issued guidelines Wednesday scaling back a tax break for client entertainment, following through on an element of President Donald Trump’s 2017 tax overhaul that he has said he wants to reverse amid the virus pandemic.

The Internal Revenue Service published final regulations for Achieving a Better Life Experience, or ABLE, accounts for disabled Americans.

GotTime.com; $1,600 a return; whole lotta hooch; and other highlights of recent tax cases.

The IRS aims to clarify issues raised by the Tax Cuts and Jobs Act.

Under the proposed regulations, amounts paid for DPC arrangements and HCSMs are treated as deductible medical expenses.

At the center of President Donald Trump’s dispute with the IRS is a $72.9 million tax refund. He can thank his predecessor for that benefit.

Cryptocurrency investors face a tricky and fast-changing tax landscape worldwide with sparse guidance in many areas, according to a new report from PwC.

The Internal Revenue Service has asked a watchdog to investigate the tax system’s security after the New York Times disclosed that its reporters had reviewed more than two decades of President Donald Trump’s tax information.

Democratic presidential nominee Joe Biden released his 2019 tax returns hours before the first debate with President Donald Trump, showing that he paid $299,346 in income taxes in 2019.

During the 2020 presidential campaign, Democratic candidates made many proposals for changes to the Tax Code, ranging from changes to the tax rates to the imposition of a new 5 percent excise tax and a national sales tax.