Tax

A federal judge in New York rejected President Donald Trump’s request to keep his banks from producing financial records to lawmakers, handing House Democrats a second convincing courtroom win this week in their efforts to delve into the president’s finances.

Democratic presidential candidate Bernie Sanders introduced legislation that would impose a tax on trades of all stocks, bonds and derivatives in the U.S., a move he says would help curb Wall Street speculation and help finance his campaign promise to provide tuition-free college and cut student debt.

Auditors and people; whistleblowers’ comfort; Wayfair developments; and other highlights from our favorite tax bloggers.

The revenue procedure updates the depreciation deductions allowed for owners of passenger automobiles, trucks and vans placed in service in 2019.

The proposed regs were a long time in coming, but generally taxpayer friendly. Here are seven key updates.

The Treasury Secretary said Wednesday that the administration has no plans to eliminate the preferential tax treatment of carried interest profits, three days after President Trump said he wanted to do just that.

Treasury Secretary Steven Mnuchin headed for another clash with Representative Maxine Waters as Democrats ratchet up pressure over his refusal to turn over President Donald Trump’s tax returns.

The American Institute of CPAs dispatched hundreds of CPAs to lobby their state and local lawmakers on Capitol Hill this week in conjunction with the AICPA’s Spring Meeting of Council in Washington, D.C.

A federal court in Texas is allowing the IRS to learn the identities of clients it suspects of structuring offshore entities to avoid U.S. taxes.

Small businesses across America are asking the same question: Am I operating in the correct entity to maximize tax savings?