Tax laws

The long-term decline in the number of Fortune Global 500 companies headquartered in the U.S. occurred amid a trend of lower statutory corporate income tax rates outside the U.S.

The Treasury Department announced a timeline for offering more information on some of the main tax provisions of the Inflation Reduction Act.

The agency plans to return to pre-pandemic levels of service next filing season.

Chances are dimming that Congress will take up a multibillion-dollar package to renew a cluster of business tax breaks and provide a more generous child tax credit before lawmakers leave Washington for the year.

The Government Accountability Office wants the agency to use the extra $80 billion it's getting from Congress to improve compliance.

A provision imposing a 1% excise tax on corporate stock buybacks in this year's Inflation Reduction Act is likely to have an impact on the use of special purpose acquisition companies.

U.S. Supreme Court justices questioned the legality of stiff penalties the federal government says it can impose on people who fail to file required reports listing their foreign bank accounts.

By keeping an eye on the future and potential new tax developments, tax advisors can offer their clients a sense of stability and proactive tax planning.

Just $600 in gross sales is going to trigger a 1099-K for gig workers and sellers on sites like eBay and Etsy.

The desire to use free cash to buy back shares appears to be stronger than any deterrent created by the tax.

Many businesses have team members across state lines, and you may have clients with remote employees in other states. Payroll can get confusing and tricky in those situations!

FATCA was designed to go after wealthy Americans keeping money overseas to avoid taxes, but is also ensnaring regular people living abroad.

Not keeping abreast of the green provisions of the Inflation Reduction Act could lead to trouble.

Advocates are pushing to restore the $20,000 threshold for reporting transactions from payment cards and third-party networks after it was lowered to just $600.

President Joe Biden ignored worse-than-expected U.S. inflation data that roiled markets during a planned celebration for his signature climate-and-tax law.

The chair of the Ways & Means Oversight subcommittee sent a letter asking for details from the IRS on how it will enforce tax law with new funding.

The 45L tax credit expired at the end of 2021, leaving homebuilders waiting for its renewal.

The president is expected to sign the bill this week but hold a celebration in Washington on Sept. 6, after lawmakers have returned from their summer recess.

Accountants have been helping their clients deal with the tax and financial implications of marijuana and CBD businesses.

Lower courts have disagreed whether non-willful failure-to-disclose penalties are on per-account or a per-form basis.