Tax

The Internal Revenue Service has been sending a series of messages in recent weeks to taxpayers and tax professionals urging them to check the online withholding calculator to make sure they have the proper amount withheld from their paychecks so they can avoid a nasty surprise next tax season.

The Internal Revenue Service provided initial guidance Tuesday on how to deal with the rule changes surrounding the executive compensation deduction after passage of the Tax Cuts and Jobs Act last year.

The Internal Revenue Service has issued a private letter ruling allowing an unnamed employer to make 401(k) contributions on behalf of employees who are repaying their student loans.

The Internal Revenue Service has issued a notice soliciting comments on how to apply a new section of the tax code that was added by the Tax Cuts and Jobs Act pertaining to the unrelated business income taxes for otherwise tax-exempt organizations.

The TCJA’s changes to alimony deductibility make good advice more important than ever.

A lesser-known provision of the Tax Cuts and Jobs Act may offer a major investment for clients.

Last week, Medtronic Plc suffered a legal setback in its bid to avoid a $1.4 billion U.S. tax bill — a ruling that may have costly implications for other multinationals battling the Internal Revenue Service over the use of overseas payments to lower their taxes.

The relatively new health plan offers tax benefits accountants should know about.

The decision legitimizes a voluntary IRS program that allows participants a limited right to represent taxpayers in IRS audits.

Changes to state tax laws for unincorporated businesses could help them circumvent the $10,000 limit on state and local tax deductions in the Tax Cuts and Jobs Act.