The Latest

The program offers qualifying taxpayers who have capital gains income a highly flexible way to defer and eliminate a portion of the federal gain and possibly state gain.

The Internal Revenue Service released a revenue procedure Wednesday offering guidance on the use of tax-exempt bonds to provide housing for military veterans, farm workers and other groups.

Private sector employment increased by a relatively sparse 129,000 jobs in March, amplifying concerns about hiring after a disappointing jobs report a month ago.

Firms should be forced to legally separate their “cash cow” consulting work from their auditing businesses, a U.K. Parliament committee said.

Grooming IT professionals in accounting firms calls for specific skills.

Accounting Today lays out the top expense management packages side by side.

QBI; rental pitfalls; the letdown of the TCJA; and other highlights from our favorite tax bloggers.

The IRS is offering extended deadlines and penalty abatement for some taxpayers.

The House Ways and Means Committee voted to approve legislation that would relax the rules for those saving for retirement.

The top Democrat on the Senate Finance Committee, Ron Wyden, is reviving a plan that would tax wealthy individuals annually on their investments, instead of when those assets are sold.