Tax

Under pressure from businesses and homeowners, the Seattle City Council is poised to repeal a tax on large employers like Amazon.com Inc. less than a month after it passed the tax unanimously.

The Tax Court rules that creditors must have hard evidence that an obligation is uncollectable before they deduct it.

Thomson Reuters has introduced the Checkpoint Tax Cuts and Jobs Act Toolkit to help accounting firms advise clients about the new tax law.

The deal to steer some ofthe territory's future sales taxes to a key group of bondholders puts a U.S. oversight board in charge.

Private universities won’t be taxed on unrealized income from their billions of dollars in assets before the levy was approved.

Affected taxpayers can get deadline extensions and penalty abatements.

The Internal Revenue Service said Friday it plans to issue regulations may limit the impact of a new excise tax on the endowments of private colleges and universities under the new tax law.

Cost segregation treatment has been around for a long time, so why is it more relevant now than ever? The answer: bonus depreciation.

Private debt collection agencies that are collecting tax debts on behalf of the Internal Revenue Service have been forcing many taxpayers into payment plans they can’t afford.

The state recently released its most recent list of those who owe it the most.