Tax

The Internal Revenue Service is ramping up its scrutiny of large partnerships, leveraging increased funding under the Inflation Reduction Act of 2022.

Tax professionals are calling for changes to the proposal, even though they welcome clarifications they have been waiting on for decades.

This combination of trusts, credits and other tax strategies are great ways help wealthy clients protect their families and their businesses.

For too long, tax departments have longed to improve their workpapers process, but they lack the time, resources or expertise to do so.

The U.S. has taken a first step toward a challenge of Canada's DST on large foreign technology companies.

Transfer pricing, Pillar Two, GLAM and more are important considerations.

The Treasury Department directed the IRS not to use any additional Inflation Reduction Act funds to increase audits on small businesses or households earning less than $400,000.

The IRS has received over 800 project proposals seeking over $40 billion in credits.

As the presidential campaign heats up, a tax expert is weighing in with his thoughts about the child tax credit and other proposals.

Vice President Kamala Harris said she would unveil a proposal to provide a tax credit for new small businesses next week, as she visited a local gift and kitchen supply store in Georgia.