Tax Strategies

In a letter to leading legislators, the group also urged them to make businesses expenses paid with PPP money deductible.

The Internal Revenue Service moved to ease the tax burdens of private equity portfolio companies and heavily indebted industries.

The service released the final regulations and other guidance on the deduction, which was amended by the CARES Act.

The GOP legislation includes a second tranche of stimulus payments, structured the same way as the earlier round, in March, along with tax credits for businesses.

Joe Biden is threatening to eliminate a tax benefit worth billions of dollars to the real estate industry in an attack on President Donald Trump, a property developer who has boasted about using the tax code to his advantage.

The coronavirus pandemic has only highlighted the enduring value of land as an investment.

Joe Biden on Tuesday unveiled a plan to bolster childcare and care for the elderly that would be financed by taxes on real-estate investors, as well as increased tax compliance by high-income earners.

The iPhone maker’s court victory follows separate criticism that huge EU antitrust fines for Google have made little difference.

Here’s what CPAs and their clients need to know when hiring an employee.

Dozens of millionaires from the U.S. and six other countries have a message for their governments: “Tax us. Tax us. Tax us.”