Tax

Scheming from coffee shops; disbarred and behind bars; AOTC on 3,000 returns; and other highlights of recent tax cases.

A new report from Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, discusses how small businesses will face more uncertainty and complexity from the Republican tax law and will ultimately need help from their accountants to figure out the pass-through deduction.

Preparers and their clients often cannot recognize quality differences among service providers, leading to buying decisions based on who proposes the lowest fee or promises the highest tax benefit.

The Internal Revenue Service is winding down its program to entice wealthy Americans who hid money abroad to come forward and take an amnesty deal—but if you’re a tax evader, or simply clueless, don’t think you’ve been spared.

Tax breaks for individuals should be made permanent in future legislation, according to the incoming White House economic adviser.

The U.S. Chamber of Commerce is asking the Internal Revenue Service for more guidance on the Tax Cuts and Jobs Act, asking for language specifying how qualified business income and limitations on business interest should be defined, among other matters.

I hear the comment all the time, “If I do cost segregation, I’ll just give it all back in recapture when I sell.” Allow me to debunk that myth and more.

States are tightening up sales tax laws for online stores.

Two trade groups representing farmer cooperatives and feed producers have reached an agreement to resolve a technical problem in the Tax Cuts and Jobs Act, with the support of Republican leaders in Congress who hope to include the provision within a larger appropriations bill.

Three of America’s most discreet billionaire philanthropists have emerged as the biggest donors to the Goldman Sachs Philanthropy Fund after the IRS accidentally revealed their identities.