Tax

Democratic lawmakers want the service to look into the possible abuse of tax breaks on the island.

IFAC and FASB both appoint and reappoint board members; RSM raises $4.7M for nonprofits via Power of Love program; and more news from across the profession.

Shell of a way to work; RICO rip-off; fun with refunds; and other highlights of recent tax cases.

The ultra-wealthy are using DAFs and private foundations to avoid taxes and exert influence, at the expense of ordinary taxpayers.

Thanks to the lower threshold, the service expects to receive about 44 million 1099-Ks in 2024, up from about 14 million.

Financial advisors and tax professionals working with entrepreneurs and potential startup investors should consider an often-overlooked exemption, experts say.

While the vast majority of firms said they have branched into that area, the results suggest they may be missing part of the business opportunity.

By focusing on areas where they can drive efficiency, firms can reduce stress in the years ahead.

The big AI question; staff pay; sourcing nonresident income; and other highlights from our favorite tax bloggers.

Microsoft's recent embroilment with the IRS highlights the dangers of this tax strategy for multinational companies.