Tax

IRS Commissioner Danny Werfel announced plans Friday to resign next Monday, Jan. 20, coinciding with Inauguration Day.

Two leaders exit SEC; Illinois CPA Society welcomes largest class of Mary T. Washington Wylie Internship Preparation Program scholars; and more news from across the profession.

As we enter the beginning of 2025, bonus depreciation continues to leverage down as more portions of the Tax Cuts and Jobs Act expire.

The mood in markets and the financial situation are starkly different from 2017, when Trump and congressional Republicans passed a deficit-expanding tax cut.

Plus, Corecentric enhances its International Tax Management Engine; and other accounting tech news and updates.

Not so Fussy; that's a wrap; at sea, in the air and on the road; and other highlights of recent tax cases.

The emotionally and financially taxing process of a separation demands careful planning, multifaceted form-filing to the IRS and, probably, an advisor for each spouse.

Treasury Secretary nominee Scott Bessent warned of an economic crisis that will hammer middle- and working-class people if the 2017 tax cuts aren't extended.

The Internal Revenue Service released guidance on the tax treatment of contributions and benefits from state paid family and medical leave programs.

Most Biden administration tax proposals weren't adopted by Congress, including an idea to tax the unrealized gains of billionaires.