Tax

The Arizona Democrat — who has opposed raising rates on corporations and individuals — will back ways of increasing revenue from domestic corporations, global companies, high net-worth individuals and through tax enforcement.

President Joe Biden’s acknowledgement that he doesn’t have sufficient Senate Democratic backing for his proposed increase in the U.S. corporate tax rate gives fresh impetus to efforts by negotiators to find alternative revenue sources for a sweeping social-spending bill.

Democratic negotiators have been working to address opposition from Senator Kyrsten Sinema, an Arizona moderate, to boosting rates.

Riviera rip-off; questionable deductions; fled the country; and other highlights of recent tax cases.

The IRS is reminding tax pros that current Preparer Tax ID Numbers will expire on Dec. 31.

Midsized businesses spend 163 hours per month on sales tax compliance, typically costing more than $17,000, according to a new survey.

Economic development credits and incentives programs traditionally are applied to two areas: new investment and new jobs.

They're exploring alternatives after months of focusing on proposals to increase tax rates on income and capital gains.

Congressional Democrats are at odds over President Biden’s economic agenda, even as party leaders aim to have a deal outline by the end of the week.

The spending package could still include a measure to expand or temporarily remove the cap on the deduction on state and local taxes.