Tax

Heirs of IRAs and 401(k)s won't need to take annual distributions before cashing out within a decade of receiving the plans, the agency says.

After a pause during COVID, experts predict an increase in tax controversies.

CliftonLarsonAllen LLP has managed to secure $11 million in opportunity zone funding for a client building a multifamily development in South St. Paul, Minnesota.

The American Families Plan includes provisions that would expand Internal Revenue Service oversight of tax preparers.

The Biden administration has proposed that the U.S. apply a 21 percent global minimum rate.

The president's promise to start narrowing income and wealth gaps underpins every part of his economic program.

The Small Business Administration plans to begin accepting applications Monday for a new program to help hard-hit restaurants reopen during the pandemic, and some firms are preparing clients to apply.

The updated early draft versions will be used by pass-through businesses to report foreign tax information.

The proposed top 39.6 percent tax bracket in the administration's “American Families Plan” would encompass less than 1 percent of taxpayers.

The president holds some advantages in pushing for what would be a massive expansion of the government.