Tax

The tax break included in the Tax Cuts and Jobs Act that encourages real estate investors to develop projects in economically distressed communities in exchange for deferring capital gains taxes for years has come under fire for not living up to its promise.

Rev. Proc. 2019-46 reflects changes from the Tax Cuts and Jobs Act.

Accounting firm owners and partners who did not get their own tax returns in on time face losing their licenses, being expelled from their professional societies, losing their livelihoods and possibly being imprisoned.

The president urged the court for the second time in as many days to insulate him from an investigation.

The Internal Revenue Service is expanding its efforts to ensure businesses and individuals are paying their taxes, particularly payroll taxes, with in-person visits planned by revenue officers to more parts of the country, starting recently in Wisconsin and later this month Texas and Arkansas.

Democratic representatives are working on legislation that would nearly double the top individual U.S. tax rate on the highest incomes.

The president's attorneys filed a high-stakes appeal that aims to give the president broad immunity from criminal investigations while in office.

Losing bets; out on a limb; Perfect no more; and other highlights of recent tax cases.

Internal Revenue Service Commissioner Chuck Rettig told an audience of tax professionals and accountants that he wants to hear from them about the impact of the far-reaching IRS reform legislation that Congress passed earlier this year.

For the second time in less than a week President Donald Trump said he’ll go to the U.S. Supreme Court to appeal court rulings threatening to expose his tax records.