Tax

A system that Congress mandated allowing federal contractors to self-certify they don't owe a significant amount of taxes is enabling many of them to score lucrative contracts while still owing plenty.

The tax services firm announced the purchase of OneSource Property Tax and OneSource Transfer Pricing.

California drew in 11% less in personal income tax revenue than it expected so far this year.

Yvon Chouinard described his decision to give away the outdoor apparel-maker as his last-ditch effort to do all he could to protect the planet, but the deal is structured in ways that bring his family tax perks.

The Act provides higher deductions for meeting prevailing wage and apprenticeship requirements.

Shah was named as the mastermind of the scheme in which pension plans filed for tax returns to which they weren't entitled, because they never paid the taxes to begin with.

Business Roundtable Chief Executive Officer Joshua Bolten on Wednesday flagged concerns that reviving the deduction for R&D will fall off of Congress's agenda later this year, despite it having bipartisan support.

The president is likely to nominate Beth Kaufman, a partner at the law firm Caplin & Drysdale, to be IRS chief counsel.

Kin capers; Easy money; just feeling frivolous; and other highlights of recent tax cases.

Advocates are pushing to restore the $20,000 threshold for reporting transactions from payment cards and third-party networks after it was lowered to just $600.