Tax

The airline industry and one of its prominent allies are gearing up to fight a possible push in the U.S. Congress to tax baggage fees and other air-travel charges as a way to generate additional federal revenue.

The Internal Revenue Service has issued a revenue procedure providing a safe harbor to those who invest in renovations of historic commercial buildings, addressing concerns stemming from a 2012 appeals court decision that upset users of historic tax credits, or rehabilitation credits.

IRS issues final and proposed regs on new Medicare taxes

The ACA, uncertain extenders, and other issues preparers are paying attention to in the run-up to tax season

A roundup of tax news from the previous month

Well over half of tax preparers in a recent survey said that they expect to generate more revenue in the coming tax season than they did last year.

While a recent survey found that tax preparers across the country intend to universally raise rates for this coming season, why they’re raising them -- and by how much -- varies widely depending on a range of factors.

Among the nation’s billionaires, one of the most sought-after pieces of real estate right now is a quiet storefront in Sioux Falls, South Dakota.

The Internal Revenue Service is urging individuals and businesses that are making contributions to charity to keep in mind several important tax law provisions that have taken effect in recent years. Accountants can pass along the advice to their clients who are making charitable contributions that they can claim on their taxes next year.

The Internal Revenue Service is warning tax preparers who do not send a Form 8867, “Paid Preparer’s Earned Income Credit” Checklist,” with the tax returns they file for clients who claim the Earned Income Tax Credit that they are subject to a $500 penalty per return.