Tax

Treasury Secretary Steven Mnuchin said the stock market will probably see its gains wiped out if lawmakers fail to deliver planned tax cuts that will benefit corporate America.

KPMG has released its 2018 Personal Tax Planning Guide with information about the current tax laws and guidance to help privately held businesses, business owners and their families deal with the uncertainty of upcoming tax reforms.

While many victims of the recent hurricanes and storms remain busy salvaging what they can and seeing what their insurance will cover, they also want to know what tax help they're entitled to.

The Internal Revenue Service, working in partnership with state tax authorities and the tax preparation industry as part of their Security Summit initiative, reported significant progress Tuesday in the battle against tax-related identity theft, with new steps planned for next tax season.

If tax reform lowers U.S. rates, it could spark a race to the bottom.

A group of seven Senate Democrats and one independent has written a letter to the Financial Accounting Standards Board asking FASB to require multinational corporations to disclose their taxes, profits, and revenues on a country-by-country basis, echoing a recent letter from a group of House lawmakers.

The Internal Revenue Service said that for the upcoming 2018 filing season, it‎ will not accept electronically filed tax returns where the taxpayer does not address the health coverage requirements of the Affordable Care Act, the first tax season it has refused to accept such returns.‎

The service will also be warning preparers about due diligence requirements.

Steve Bannon won’t abandon his war against congressional Republican incumbents, not even after President Donald Trump publicly pleaded for a truce that could salvage the tax overhaul at the heart of his legislative agenda.

Cutting the corporate tax rate to 20 percent, as President Donald Trump has proposed, would increase average household income by at least $4,000 a year, according to estimates in a White House study.