Tax

Bank of America Corp. must set aside $490 million of its $16.7 billion settlement to cover taxes that borrowers face on forgiven mortgage debt.

The Tax Court sided with the plaintiff in a recent case involving the rules surrounding the home office deduction.

For the 10th consecutive year, the IRS has chosen Wolters Kluwer, CCH, to deliver sales tax rate and taxability tables to help millions across the country prepare their tax returns.

Libra Services has released LibraTax, a new software solution that lets individuals and businesses that have transacted business in Bitcoin and other digital currencies to calculate their tax obligations.

Highlights of some of our favorite tax-related blogs from the past week.

In case you haven’t heard, National Grandparents Day is just around the corner, on September 7.

This year's tax planning is going to be heavily focused on accelerating deductions and maximizing tax credits, according to Evan Stephens, a tax manager at the business consulting and accounting firm Sensiba San Filippo.

Highlights of some of our favorite tax-related blogs from the past week.

Wolters Kluwer Financial Services has partnered with Broadridge Tax Services on combining their cost basis and tax reporting compliance systems.

Big banks and wealthy investors are accused of benefiting from a tax credit program that is supposed to help poor communities, according to a new Senate report.