Tax

The provision could amount to $120 billion in write-offs.

A critical PPP deduction, tax extenders, business meal deductions and more are among the critical points.

Size of this rescue; next season’s wrinkles; new blog on board; and other highlights from our favorite tax bloggers.

Taxpayers still have the option to calculate the actual costs of using their vehicle.

Prosecutors call for 'healthy skepticism' regarding the suspect's sudden decline.

Attorney General William Barr said he sees no reason to appoint a special counsel to oversee an investigation of President-elect Joe Biden’s son, Hunter Biden, a statement sure to frustrate President Donald Trump and his closest advisers.

Tucked in among more than 5,000 pages of legislative text, the congressional bill providing COVID-19 relief and 2021 government funding includes dozens of tax breaks for beneficiaries ranging from downtown restaurants and the film industry to motor-sports racetracks.

The latest round of coronavirus stimulus legislation includes some major tax provisions and changes for accountants to watch out for in the New Year.

Greg Engel is anticipating another year of tumultuous changes as clients deal with the coronavirus pandemic and new policies from the incoming Biden administration.

Small business owners who got Paycheck Protection Program loans could qualify for big write-offs from their rescue money, amounting to what Treasury Secretary Steven Mnuchin has called a tax-break “double dip.”