Tax

The IRS considers Bitcoin and other virtual currency to be property and not fiat currency.

The company is bringing together its tax-focused wealth management divisions.

The administration claims the Committee on Ways and Means — controlled by Democrats — is improperly attempting to enlist the judiciary in its fight with the Executive Branch.

Almost 40 percent — or some $15 trillion — of the world’s foreign direct investment is “phantom capital” designed to minimize the tax bills of multinational firms, according to a study published by the International Monetary Fund.

Some expatriates who have relinquished their U.S. citizenship will have the chance to comply with their U.S. tax and filing obligations and in turn qualify for relief from back taxes, penalties and interest.

Tax-exempt organizations, including many political groups, will be able to avoid disclosing the names of their contributors, despite a recent court decision.

Now a few of them have latched on to a generous new federal benefit for investing in lower-income U.S. communities.

Accounting firms need to continually think about how they do the things they do.

Fast, Quick and jailed; Complete fraud; eight figures off the books; and other highlights of recent tax cases.

Trade wars and fears of a global economic slowdown are shaking optimism.