Tax

Tax authorities swooped in on Walt Disney Co.’s Paris premises last year hunting for evidence to determine whether the entertainment giant improperly shifted revenue abroad, according to a series of court rulings from this month that tossed out claims the raids were illegal.

Major changes in last year’s tax overhaul include the so-called GILTI provisions, and the IRS has issued proposed regulations for them.

The Tax Cuts and Jobs Act that Congress passed last December produced some winners and some losers among different categories of taxpayers.

AI is not just impacting tax preparers, but the companies that make tax prep software too. Many are going to be left behind.

Senate Finance Committee Chairman Orrin Hatch questioned President Donald Trump’s call to end a tax break for electric cars made by General Motors Co. and others following the company’s announcement that it would lay off workers and close plants.

House Ways and Means Committee Chairman Kevin Brady has given up on an additional round of tax cuts. Now, the only tax item he might be able to get passed this year is something he hates: the annual renewal of prized industry tax breaks.

A legislative repeal of the credit could actually end up giving GM a better competitive position.

Reform and job creation; Ohio takes bitcoin; getting everyone to agree; and other highlights from our favorite tax bloggers.

In today’s age of lost tax deductions many accountants are looking for new tax deductions they can offer their clients.

Sunset for a tax scheme; $4,000 in phony refunds per return; aging badly; and other highlights of recent tax cases.