Tax

Notice 2021-31 explains a new credit from the American Rescue Plan Act.

The court unanimously ruled against the service in a decision enabling taxpayers to sue over a tax regulation, even before any penalty has been assessed.

Business groups were unmoved by the Treasury Secretary’s call for U.S. companies to accept higher taxes in return for a huge public investment in infrastructure aimed at boosting the American economy.

Investigators have been trying to determine whether the company gave an accurate valuation for its Seven Springs property when it served as the basis for about $21.1 million in tax deductions for donating a conservation easement for the 2015 tax year.

A proposal to create a more coherent tax regime for the bloc would require unanimity among its 27 member states.

The ARP and local aid; advocating for higher taxes; a question of dependency; and other highlights from our favorite tax bloggers.

Pulling the costs directly out of clients’ IRAs can blunt the sting, but it shrinks the pot of tax-deferred retirement assets.

The last of the ‘Wayfair dominoes’ falls with Missouri’s new legislation.

Both the president's and the vice president's incomes

The average American will pay $525,037 in taxes over their whole lives.