Tax laws

A group of IRS stakeholder organizations has submitted a letter to the Treasury Department and the Internal Revenue Services with suggestions on the implementation of the Taxpayer First Act.

Several recent tax law changes promise to help religious groups, houses of worship, charities, private foundations, utilities and other tax-exempt organizations, according to the Internal Revenue Service.

The state's new law has made a confusing situation even murkier, as the ripples of Wayfair continue to linger in evolving tax law.

A drafting error in the Tax Cuts and Jobs Act inadvertently removed Qualified Improvement Property from bonus eligible property. This was a mistake and a technical correction was expected. However, none was ever made.

The Taxpayer First Act protects a broad range of disclosures about potential violations of IRS rules or tax fraud.

Tax pros share what they and their clients think about the proposed tax on the rich.

For the first time in more than five years, the IRS released further cryptocurrency tax guidance.

The wait is over to see how states will respond to the Supreme Court decision as nearly every state has adopted economic nexus laws or guidance.

Tax laws tend to be boring, so sometimes it is easier to understand something if you know the reasoning behind it.

Some expatriates who have relinquished their U.S. citizenship will have the chance to comply with their U.S. tax and filing obligations and in turn qualify for relief from back taxes, penalties and interest.

Donald Trump and Emmanuel Macron’s governments have struck a deal to end a feud over France’s tax on some tech giants.

Accountants may see some of their business clients getting caught up this summer in IRS activities to enforce the Affordable Care Act.

Secretary of Education Betsy DeVos is calling on Congress to allow the Internal Revenue Service to give the Department of Education information on the income of student loan borrowers, warning that student loan applicants are misrepresenting their income and family size to qualify for reduced payment plans.

Nina Olson also suggested different ways to increase the participation rate of eligible taxpayers in claiming the Earned Income Tax Credit.

The biggest tax challenge for a majority of corporate tax executives is staying up to date with all the changes associated with the 2017 Tax Cuts and Jobs Act, according to a new survey.

The package of far-reaching IRS reforms received strong bipartisan support in the House and Senate last month.

The chief pointed to his own history as a tax attorney, while reminding tax pros that the IRS is watching from the compliance and enforcement side.

Democratic presidential candidates like Joe Biden and Kamala Harris have talked about repealing the GOP’s tax overhaul. Yet a large-scale rollback is unlikely. Instead, two other forces could slowly unravel the law — Democrats currently in power in the House and President Donald Trump’s trade policies.

The Tax Cuts and Jobs Act fixed some parts of the problem, and exacerbated others.

The American Institute of CPAs dispatched hundreds of CPAs to lobby their state and local lawmakers on Capitol Hill this week in conjunction with the AICPA’s Spring Meeting of Council in Washington, D.C.