Tax

The service has raised the rates it pays for overpayments and charges for underpayments.

The provisions are likely to change the tax planning used by the largest companies and their accounting firms.

Private placement life insurance, or PPLI, is a decades-old strategy that has been gaining popularity among the super-wealthy as a way to protect their fortunes from income and estate taxes.

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.

House Democrats delivered the final votes needed on a slimmed-down version of their tax, climate and drug price agenda.

The defendants argued that state prosecutors had no authority to bring charges for alleged avoidance of federal income tax and suggested that some of the perks could be characterized as "gifts."

Republicans and Democrats have been sparring over whether the extra funding will be used to audit low-income and middle-class taxpayers.

Existing and expired energy efficiency tax incentives for commercial and multifamily building owners, investors, developers and homebuilders have been expanded significantly under the act.

Intuit's resource aims to help practitioners; Red Wing releases Centerpoint Time Clock 3.0; and other news from the accounting technology world.

Lesser known provisions may lead to a kind of tax on carbon dioxide and methane emissions for the first time in the U.S.