Tax

The proposed regs were a long time in coming, but generally taxpayer friendly. Here are seven key updates.

The Treasury Secretary said Wednesday that the administration has no plans to eliminate the preferential tax treatment of carried interest profits, three days after President Trump said he wanted to do just that.

Treasury Secretary Steven Mnuchin headed for another clash with Representative Maxine Waters as Democrats ratchet up pressure over his refusal to turn over President Donald Trump’s tax returns.

The American Institute of CPAs dispatched hundreds of CPAs to lobby their state and local lawmakers on Capitol Hill this week in conjunction with the AICPA’s Spring Meeting of Council in Washington, D.C.

A federal court in Texas is allowing the IRS to learn the identities of clients it suspects of structuring offshore entities to avoid U.S. taxes.

Small businesses across America are asking the same question: Am I operating in the correct entity to maximize tax savings?

CPA firms were more concerned about various impacts of workload compression than with updating their clients and staff about the latest tax law changes, according to a new survey.

U.S. corporations are contributing the smallest share of federal tax revenue in a generation.

A recent court decision on FBAR penalties could impact the tax reporting of the newest member of the British royal family.

Some IRS systems will be unavailable from midnight on May 24 through 7 a.m. on May 28.