Tax

The Large Business and International Division is targeting virtual currency, S corporation distributions and more for extra scrutiny.

This emerging taxpayer community will need special guidance on the new rules.

The AICPA has suggested guidance on the tax treatment of cryptocurrencies.

The Supreme Court’s 5-4 decision allows states to require out-of-state retailers to collect sales tax from customers, even if they don’t have a physical store or warehouse in the state.

New Jersey Governor Phil Murphy enacted a $37.4 billion spending plan that will fund his progressive agenda by raising taxes on large corporations and individuals making more than $5 million.

The draft version of the streamlined form tries to deliver on one of the promises of the tax simplification effort, but adds more schedules.

Volkswagen AG’s Porsche sports car unit is under investigation by the Stuttgart tax office over the way it accounted for marketing and catering expenses during the past 8 years, according to people familiar with the matter.

Bonus depreciation has changed tremendously over the past few years as companies use it to focus on revitalizing and rehabbing their companies and properties.

Select falsehoods; buffet of crime; unmerrie melodies; and other highlights of recent tax cases.

Thomson Reuters Checkpoint Catalyst has published an analysis of the new Section 199A qualified business income deduction for pass-through entities ushered in by the Tax Cuts and Jobs Act.