Tax

The IRS agreed to reduce one of its tax claims from about $649 million to $43 million related to resolution of a dispute over SVB's use of a "mark-to-market" accounting method to value certain financial products.

The IRS and Treasury Department released final regulations on how companies and tax pros should report and pay the 1% excise tax on corporate stock repurchases.

The court made it tougher for the administration to defend regulations it issued in recent months to tackle climate change, forgive student debt, crack down on so-called "junk fees" and write tax regulations.

Cutting-edge technology could help authorities identify wrongdoing, with well over half of Turkish companies announcing outright losses or "symbolic" profits.

The Treasury and the Internal Revenue Service issued final regulations on reporting by brokers on dispositions of digital assets such as cryptocurrency for customers in certain sale or exchange transactions.

The contentious debate included some discussion on tax policy, but Biden's unsteady delivery left many Democrats worried about his ability to continue his campaign.

A divided Supreme Court threw out a decades-old legal doctrine that empowered federal regulators to interpret unclear laws.

The IRS Whistleblower Program paid whistleblowers 121 awards totaling $88.8 million in fiscal 2023, up from $37.8 million the previous year.

Gone in a Flash; all in the family; spreadsheeting it high and deep; and other highlights of recent tax cases.

The parent of Italian beverages group Davide Campari-Milano NV said it isn't aware of any investigation following reports over alleged tax avoidance.