Tax laws

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.