Tax

The Internal Revenue Service and the Treasury Department intend to issue proposed regulations providing that the market discount on a bond isn’t includible in income, according to a section of the new tax law.

Services, stock, shenanigans; fuel for fraud; Mo’ plea; and other highlights of recent tax cases.

Legislation relating to family savings and startup expensing passed in one chamber of Congress, but is not likely to go through in the Senate before the end of the year.

The Internal Revenue Service’s Bank Secrecy Act program, in which it is supposed to safeguard against money laundering, is having only a minimal impact on tax compliance, according to a new report.

The new tax law is leading to missed deadlines and a shortened cycle for the IRS.

A Republican effort to make last year’s individual tax changes permanent is expected to be approved by the House on Friday, before the initiative likely gets shelved because the Senate won’t act on it.

Corporate America isn’t using the Trump tax cuts to gorge shareholders with stock buybacks and dividends — despite the prevailing narrative.

The House Ways and Means Oversight Subcommittee held a hearing Wednesday on the Internal Revenue Service’s online taxpayer authentication efforts after a string of security breaches in recent years.

The Internal Revenue Service issued its annual notice Wednesday describing the daily rates that taxpayers can use for lodging, meals and other expenses when traveling for business.

Tax departments are now ideally positioned to consider and apply several hard-earned cloud-adoption lessons.