Tax

Investors who take a loss in a taxable account can use it to offset capital gains taxes owed from selling stocks that have appreciated.

Allen Weisselberg, facing a tax fraud trial, argued that state prosecutors are improperly trying to enforce federal laws.

The court agreed to decide how steep the penalties are for people who fail to file required reports with the federal government listing their foreign bank accounts.

The president said he’s aiming to decide this week whether to move to suspend the federal gasoline tax.

With two congressional recesses and an election coming up, time is running out.

The pandemic and new IRS priorities are creating new opportunities for practitioners.

The Internal Revenue Service, facing criticism over long hold times and disconnects when taxpayers try to reach its offices, is adding more options for callers to reach automated voice bots that can respond to their requests sooner.

New Jersey will expand its planned property-tax relief program, providing more than $2 billion to more than 2 million households, Governor Phil Murphy said.

Giants like DraftKings and FanDuel are asking legislators to change the rules to lower their taxes after agreeing to them just last year.

Doin’ the EFIN shuffle; insult to injury; unforgiven; and other highlights of recent tax cases.