Tax

Oil companies that record a profit margin better than 10% would face a proposed new federal surtax, as Democrats struggle to curb U.S. energy costs and broader inflation.

A London council is investigating U.S.-themed candy stores for millions of pounds in tax evasion and has seized over half a million pounds in counterfeit chocolate bars and vapes.

IRS statistics paint a picture of how small businesses were impacted by COVID-19 in 2020, and more.

The 2018 case prompted many states to begin requiring remote sellers to collect sales taxes, but with inflation at a 40-year high, some are offering sales tax holidays and other relief.

Taxes versus budgets; meaning of gross taxable income; new blog in town; and other highlights from our favorite tax bloggers.

The Internal Revenue Service issued a revised Audit Technique Guide to help examining agents evaluate the validity of cost segregation studies submitted by taxpayers to substantiate accelerated depreciation deductions.

From Malta to Puerto Rico, the IRS has scoured the world for its annual ‘Dirty Dozen’ list of the worst tax schemes.

Workers in the U.S. who are increasingly job-hopping these days risk making one of the biggest financial mistakes out there.

The Internal Revenue Service gave out far less money last year to tax whistleblowers than in recent years and collected much less as well, according to a new report.

The Treasury Inspector General for Tax Administration is raising the alarm about identity thieves and fraudsters with a pair of public service announcements on YouTube.