Tax

The effective date of final regulations on foreign currency used by multinational companies' qualified business units is being postponed for another year.

Workers were able to invest their retirement nest egg in the famously profitable employee-only fund fee-free, until it caught the attention of the Internal Revenue Service.

Weisselberg and the Trump Organization were accused of conspiring to avoid income taxes by giving some employees perks that weren't reported to state tax authorities.

Dozens of congressional Republicans and Democrats made the demands in a letter to the Internal Revenue Service.

The service has raised the rates it pays for overpayments and charges for underpayments.

The provisions are likely to change the tax planning used by the largest companies and their accounting firms.

Private placement life insurance, or PPLI, is a decades-old strategy that has been gaining popularity among the super-wealthy as a way to protect their fortunes from income and estate taxes.

The president is expected to sign the bill this week but hold a celebration in Washington on Sept. 6, after lawmakers have returned from their summer recess.

House Democrats delivered the final votes needed on a slimmed-down version of their tax, climate and drug price agenda.

The defendants argued that state prosecutors had no authority to bring charges for alleged avoidance of federal income tax and suggested that some of the perks could be characterized as "gifts."