Tax

The service had denied deductions for eco-friendly model home because of occasional personal use by the owners.

The U.S. Federal Trade Commission has filed suit accusing TurboTax of overstating just how free its free filing options are, though Intuit denies the charge and said it will fight the case.

Investors and their CPAs need to be aware of the depreciation rules that apply to the short-term rental market.

Biden’s 10-year outlook still would rack up $14.4 trillion in deficits — most of it on autopilot — even after accounting for that $1 trillion in net deficit cuts from new policies like tax increases on the wealthy and corporations.

New York Attorney General Letitia James has accused the auction house in a 2020 lawsuit of helping a wealthy shipping executive avoid paying taxes on artwork he purchased.

President Joe Biden’s plan to tax unrealized capital gains ran into opposition from key Democratic Senator Joe Manchin, likely dooming it just hours after it was sent to Congress.

COVID and other worldwide issues led to major changes in a wide range of taxes, according to a new report.

New rules from the IRS around required minimum distributions address changes from the SECURE Act.

Tax proposals in the Biden administration’s budget include plans to raise the corporate tax rate to 28% and to tax the unrealized capital gains of “extremely wealthy” individuals.

They are the latest target of probes into whether Opportunity Zones are driving investment and job creation in low-income communities.