Tax

Some state lawmakers are introducing tax legislation targeting the growing use of artificial intelligence, according to a new report.

AI and automation can streamline R&D work but cannot replace professional judgment or Circular 230 due diligence.

Individual tax withholdings plus Social Security and Medicare taxes collected increased to $286 billion in May from $247 billion last year, while corporate tax receipts were down 67%.

The agreement to settle Trump's case against the IRS included a bar against audits of past tax filings by him, his family members, businesses and other government investigations.

Local governments in Florida will face "greater credit pressure" if voters OK a plan to largely eliminate property taxes on over half of homes in the state.

Here are 10 tactics for transforming your client's return from a compliance document to a planning and business development tool.

For years, many accountants approached 831(b) micro-captive insurance plans with caution, if not outright avoidance. The reason was understandable.

The tax-writing Ways and Means Committee hasn't had any discussions about including tax provisions in a third reconciliation bill.

Dangerous counter-trend; compliance challenges; tax-free periods; and other highlights from our favorite tax bloggers.

Members of the tax-writing House Ways and Means Committee are holding a hearing on a legislative package that would overhaul the taxation of digital assets.