Tax

Trusts and taxes; recovering revenues; advising clients who needed more than three extra months; and other highlights from our favorite tax bloggers.

IRS Commissioner Chuck Rettig expressed his appreciation to tax professionals Tuesday for their cooperation during the extended tax season that was prolonged by the novel coronavirus pandemic and pledged to deliver any future stimulus payments approved by Congress.

The final IRS and Treasury rules let taxpayers exclude certain income from their GILTI computation.

The coronavirus pandemic has only highlighted the enduring value of land as an investment.

Joe Biden on Tuesday unveiled a plan to bolster childcare and care for the elderly that would be financed by taxes on real-estate investors, as well as increased tax compliance by high-income earners.

Senate and House Republicans introduced legislation that would give businesses refundable tax credits against payroll taxes to meet some of the expenses associated with reopening during the novel coronavirus pandemic.

The American Institute of CPAs offered six policy suggestions for the next phase of federal COVID-19 relief legislation under consideration in Congress.

Democrats in New York, the world’s financial capital, may finally have the right moment to resurrect the state tax on stock trades.

The COVID-19 pandemic has infected the service’s annual list of top tax scams.

A Bitcoin investor in New Hampshire has filed a lawsuit against the Internal Revenue Service after he received a letter from the IRS inquiring about his digital currency holdings.