Tax

Some of the mistakes in the hastily drafted legislation could cost the industries millions of dollars.

There are two types of soccer executives, according to 2011 testimony given by Chuck Blazer, then the highest-ranking American in international soccer: those who take bribes, and those who pay them.

Under pressure from businesses and homeowners, the Seattle City Council is poised to repeal a tax on large employers like Amazon.com Inc. less than a month after it passed the tax unanimously.

The Tax Court rules that creditors must have hard evidence that an obligation is uncollectable before they deduct it.

Thomson Reuters has introduced the Checkpoint Tax Cuts and Jobs Act Toolkit to help accounting firms advise clients about the new tax law.

The deal to steer some ofthe territory's future sales taxes to a key group of bondholders puts a U.S. oversight board in charge.

Private universities won’t be taxed on unrealized income from their billions of dollars in assets before the levy was approved.

Affected taxpayers can get deadline extensions and penalty abatements.

The Internal Revenue Service said Friday it plans to issue regulations may limit the impact of a new excise tax on the endowments of private colleges and universities under the new tax law.

Cost segregation treatment has been around for a long time, so why is it more relevant now than ever? The answer: bonus depreciation.