Tax

U.S. Commerce Secretary Wilbur Ross’s decision to sell his remaining equity holdings could save him from future run-ins with the government’s top ethics watchdog. But it could also set him up with a sizable tax bill.

Many tax-exempt groups that participate in politics will no longer be required to disclose their donors to the Internal Revenue Service, the Treasury Department said.

Four Democratic-led northeastern states sued the Trump administration to invalidate the new $10,000 cap on the federal tax deduction for state and local taxes.

The service will help taxpayers manage the new withholding tables.

These provisions of the Tax Cuts and Jobs Act offer practitioners big opportunities to help clients.

More than 75 percent of CPAs in New Jersey say the Garden State’s recently enacted budget would have a negative impact on the economy, according to a new survey by the New Jersey Society of CPAs.

The upcoming rules may affect one tactic that some wealthy taxpayers have been using to get around the cap on deducting local property taxes.

The Internal Revenue Service is preparing to send millions of dollars to vets who received disability severance payments starting in 1991.

Disabled, in foster care and deductible; no profits but thousands in expenses; conviction overturned; and other highlights of recent tax cases.

The IRS and Treasury have unveiled a proposed postcard-sized version of the workhorse form.