Tax News

The Senate Finance Committee held a hearing to discuss the Biden administration's recently unveiled budget and tax proposals, as tax experts try to predict what will happen after the election.

A congressional hearing with the Treasury secretary presaged a partisan battle over sweeping reductions set to expire at the end of next year.

The Internal Revenue Service is urging businesses that have filed claims for the Employee Retention Credit to make sure they didn't incorrectly claim the credit and to come forward if they did.

A pair of lawmakers proposed a bill to end the abuse of grantor-retained annuity trusts to avoid taxes.

Next stop, more billions; misaimed mansion tax; auditing's future; and other highlights from our favorite tax bloggers.

The Internal Revenue Service hasn't fully updated its plans to use the tens of billions of dollars in additional funds provided by the Inflation Reduction Act, according to a new report.

With tax season in full swing, accountants need to have a game plan to mitigate the potential impacts the shortage may cause.

Exxon Mobil Corp. won't move forward with one of the world's largest, low-carbon hydrogen projects if the Biden administration withholds tax incentives for natural gas-fed facilities.

A British hedge fund trader said in court that he and his team did nothing illegal when receiving more than $1.3 billion\ in dividend tax refunds.

The Bekkerman case held that California may tax a bundled cellphone at the full price as an unbundled cellphone, rather than the discounted price.