Tax

Democrats will likely turn to the courts, embarking on a lengthy battle that could help define Congress’ powers to oversee the executive branch.

Steven Mnuchin may face a deadline of 5 p.m. Friday to comply with a subpoena to hand over President Donald Trump’s tax returns, but the pressure is really on a top House Democrat who has to decide how ferociously to respond to the Treasury secretary’s all-but-certain refusal.

A CPA from New York has been sentenced to 14 months in prison for filing a tax return in his own name that contained materially false information.

Hidden fees; Maxed out; inhuman services; and other highlights of recent tax cases.

The Schedule D instructions had the older, higher tax rates for investors that were changed by the 2017 tax law.

Republicans and Democrats will be working on the perennial problem of what to do about the temporary tax breaks that need to be renewed every few years.

The Republican senator is on a crusade to compel corporations to prioritize long-term growth over quarterly profits.

The American Institute of CPAs has sent the Internal Revenue Service a set of recommendations on changing some of the parking rules for tax breaks for transportation fringe benefits, which the Tax Cuts and Jobs Act mostly eliminated.

About $18.4 billion in bad payments were made on the refundable credit in 2018.

Treasury Secretary Steven Mnuchin indicated he would refuse a subpoena for President Donald Trump’s tax returns, saying that the dispute between Congress and the administration will likely end up in court.