Tax

A Tax Court ruling that limited partners in an investment manager must pay Uncle Sam could cause some restructuring across the industry, an expert said.

A Federal Trade Commission order requires the tax prep giant to make it easier for customers to use cheaper options.

Every state levies unemployment insurance taxes, but rates vary depending upon such factors as the health of the state's UI trust fund.

Lawsuits before the Supreme Court and in lower federal courts across the country could further reduce enforcement powers at the IRS and the SEC this year.

The IRS has pushed back filing and payment deadlines for those affected by the wildfires to Oct. 15.

The refiled proposal would cut the tax rate for the current fiscal year or provide residential rebates if such a reduction isn't approved by March.

Delivering an invoice for any service, including a tax audit, is a marketing activity, and it cannot be assumed that the client understands the value.

The tax incentive that took effect on Jan. 1 is part of President Joe Biden's signature climate law, the Inflation Reduction Act.

Trump has expressed interest in reviewing options for adjusting the cap on the state and local tax deduction but is not currently advocating for a specific fix.

Some related-party 'basis shifting' arrangements are now considered 'transactions of interest' per the IRS's final regulations.