Tax

The Global Intangible Low Taxed Income has created a lot of challenges for taxpayers, since it was instituted by the Tax Cuts and Jobs Act of 2017.

No love for the carbon tax; the inflation-adjusted 12 Days of Christmas; 10 end-of-year tax moves; and other highlights from our favorite tax bloggers.

The Internal Revenue Service is seeking information from more taxpayers who hold virtual currency like Bitcoin, but in a ruling last week, a judge ordered the IRS to limit its summons for information from one cryptocurrency exchange, Bitstamp

The Internal Revenue Service and the Treasury Department released their final regulations on two major international tax provisions, the Foreign Tax Credit and the Base Erosion and Anti-abuse Tax (BEAT), which was included as part of the Tax Cuts and Jobs Act.

Democratic presidential candidate Michael Bloomberg pledged to support “taxing wealthy people like me” but dismissed a wealth levy tried in other countries and supported by rivals including Elizabeth Warren and Bernie Sanders because “it just doesn’t work.”

Highlights of the findings from Accounting Today's annual survey of accounting firms' plans for the next 12 months.

Several red flags indicate a wireless device or service may have a more complex and costly communications tax responsibility, rather than a simple sales tax requirement.

New guidance, rules and enforcement efforts from the IRS aim to improve cryptocurrency reporting.

Tech trends; one cost of cutting ID theft; prime states for Wayfair challenges; and other highlights from our favorite tax bloggers.

The Internal Revenue Service updated its guidance for business travelers and their employers on the per diem rates for substantiating expenses, in light of the changes in the Tax Cuts and Jobs Act.