Tax

Businesses creating a brand-new product may be aware of the Research & Development tax credit, but they may be unaware that improvements made to an existing product may qualify as well.

An advisory committee report worries the IRS will focus more on tax reform than on cybersecurity.

Tax pros discuss the issues they're finding as the consequences of tax reform become clearer.

Poor record-keeping meant the owner couldn’t document sales of non-marijuana merchandise.

The Large Business and International Division is targeting virtual currency, S corporation distributions and more for extra scrutiny.

This emerging taxpayer community will need special guidance on the new rules.

The AICPA has suggested guidance on the tax treatment of cryptocurrencies.

The Supreme Court’s 5-4 decision allows states to require out-of-state retailers to collect sales tax from customers, even if they don’t have a physical store or warehouse in the state.

New Jersey Governor Phil Murphy enacted a $37.4 billion spending plan that will fund his progressive agenda by raising taxes on large corporations and individuals making more than $5 million.

The draft version of the streamlined form tries to deliver on one of the promises of the tax simplification effort, but adds more schedules.