Tax

The Internal Revenue Service and the Treasury Department are following up on their threat to forestall attempts by states to get around the $10,000 limit in the Tax Cuts and Jobs Act on deductions of state and local taxes by setting up state-run charitable contribution funds.

The Internal Revenue Service and the Treasury Department published a notice Tuesday saying they intend to issue proposed regulations clarifying who is a qualifying relative for the new $500 credit for dependents and head of household filing status for years in which the exemption amount is zero for tax years 2018 through 2025.

China and children; memories of McCain; building a practice’s brand; and other highlights from our favorite tax bloggers.

U.S. businesses face great risk in expansion to APAC without securing local knowledge and expertise to help comply with the region’s complex tax and compliance regulatory framework.

Make no mistake, even without the juice the profit picture would look better than it has in years.

Preparers are offering warnings and education, but few are listening.

The Internal Revenue Service is making some adjustments to its Compliance Assurance Process, a program aimed at large corporate taxpayers that involves cooperating with the IRS before any audits.

The Internal Revenue Service’s initial guidance on the executive compensation deduction won’t settle all of the lingering questions.

Michael Cohen’s guilty plea is opening a door to a long-closed world — the business of Donald Trump.

Taxpayers in New York and Connecticut still have a few potential options to avoid the hit from a new cap on state and local tax deductions, while residents of other high-tax jurisdictions may only have creative estate planning as a last resort.