Tax

For accountants and auditors, the elimination of the penny will affect reconciliation, system configuration and compliance reporting.

Carcaught; a big shank; this order's definitely to go; and other highlights of recent tax cases.

A tweak to the deductibility of gambling losses may not bring in a lot of tax revenue, but it could certainly alter a lot of wagers next year.

The law requires the IRS to provide a clear explanation of tax-filing errors to taxpayers on its math error notices.

Prosecutors charged a banker who worked over the Cum-Ex tax scandal, the first indictment targeting staff at a top international investment bank.

How can tax leaders "open the lid" enough to deliver the right transparency and accountability, without unleashing unmanaged data flows and compliance risk?

The American Institute of CPAs has sent a letter to the Multistate Tax Commission recommending changes in a proposed approach to sourcing of partnership income.

The IRS and the Treasury are asking for comments on regulations they plan to propose for a new tax credit for donating to organizations that give scholarships.

Republicans are divided on whether to extend premium tax credits, loathed by the GOP's right flank because of the costs and lingering opposition to former President Obama's legislative achievement.

Understanding the authority, eligibility criteria and automation advantages of the program will be essential for firms representing clients before the IRS.