Tax laws

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.

The only clear theme from a recent Senate hearing was the lack of certainty around when a retailer should start collecting tax.

The Internal Revenue Service is pilot-testing a program for the next year and a half to expedite requests for rulings and determination letters for corporate taxpayers.

Crypto has led to a host of tax complexities, and federal regulators have their sights set on reining in the “Wild West era.”

Uncertainty in Washington doesn't mean tax professionals can't offer clients guidance.

Handicapping which tax credits and other provisions will stay in the Build Back Better package.