Tax

The IRS is proposing to remove regulations that tried to crack down on the abusive use of basis-shifting transactions by partnerships as a way of minimizing taxes.

The members of the "Patriotic Millionaires," who include a Disney heiress, argue that rich residents can afford paying more into city coffers.

The Internal Revenue Service will have extended weekday and Saturday hours this spring through April 30 despite recent closures of several TACs.

Don't rock the boat; go fly a kite; no place like home; and other highlights of recent tax cases.

The pilot program for the new Trump accounts will deposit $1,000 into the accounts of children born between 2025 and 2028.

Prime Meridian, a tax solutions provider, officially launched today with a free tax filing solution supported by former IRS Commissioner Danny Werfel.

Attorneys general from New York, California and Oregon said a group of states is planning to file a lawsuit in the Court of International Trade over the order.

By the time they realize it's too hard to do in-house, it may be too late.

Proposed regulations aim to making it simpler for digital asset and crypto brokers to provide the Form 1099-A electronically, instead of sending paper copies.

The tax and software provider acquired Hucke and Associates, strengthening its ability to serve commercial real estate owners.