Tax

The Internal Revenue Service has released a revenue procedure that offers an easier way to get an extension of time to file a return to opt for portability of the deceased spousal unused exclusion amount.

Kate Barton, Americas vice chair of tax services for the Americas Tax practice at Ernst & Young, discusses the contrasting tax reform plans of House Republicans and President Trump, and what’s likely to be in the final bill.

Multinationals are in line for a windfall from President Donald Trump’s call to cut the tax rate on U.S. companies’ stockpiled overseas earnings, but a select few would do better than others.

‘Accounting maneuvers’ have kept the country from hitting the limit already.

General overpayments and underpayments remain at 4 percent.

Cigars and nose jobs; ‘training’ to manipulate numbers; and other highlights of recent tax cases.

U.S. exporters have been claiming the DISC or IC-DISC tax break for more than 45 years. Despite these facts, some enterprises fail to take advantage of the federal government’s tax giveaways for Interest Charge Domestic International Sales Corporations. Here are 10 winning IC-DISC strategies an exporter can use.

The Internal Revenue Service is making strides in assisting victims of tax-related identity theft more promptly and making fewer errors on cases, thanks to a more centralized approach, according to a new government report.

U.S. tax revenue is running as much as $70 billion behind estimates more than halfway through the fiscal year, leaving the government with less cash than planned and adding to pressure on Congress to raise the debt ceiling.

More than 70 ministers and high-level representatives from countries around the world signed a tax treaty to prevent base erosion and profit shifting, but not the U.S.