Tax laws

The Internal Revenue Service has issued a set of proposed regulations to provide guidance on the elimination of the deduction of qualified transportation fringe and commuting expenses in the Tax Cuts and Jobs Act.

The service issued guidance that levies a 21 percent excise tax on some nonprofit employees’ salaries above $1 million.

The international tax provisions of the Tax Cuts and Jobs Act will likely have less impact on the willingness of multinational companies to shift their income abroad than the money they can save by using foreign employees to do research and development.

Accountants play a critical role in helping clients get relief.

The Internal Revenue Service and the Treasury Department issued proposed regulations on a provision of the Tax Cuts and Jobs Act.

Two Senate Democrats are criticizing a little-known provision of the CARES Act stimulus package that would provide a tax break mostly to wealthy taxpayers, suspending excess business losses for prior tax years.

The act makes extensive changes to the rules affecting tax-qualified, employer-sponsored retirement plans.

It is important to look at cost segregation and what it can do for a taxpayer.

The U.S. government’s $2.2 trillion stimulus package comes with a perk for high fliers: Flights are getting cheaper for some private-jet customers.

This is normally the time of year when the federal government is collecting taxes due, but the devastating coronavirus now has the U.S. trying to rapidly dole out hundreds of billions of dollars in aid and tax breaks to businesses large and small.