Tax code

The amortization requirement for R&D expenses under the Tax Cuts and Jobs Act recently took effect, but that doesn't end questions about it.

The service is extending a transition period for an exception to the requirement for companies to pay taxes on royalties for intellectual property abroad.

The Internal Revenue Service issued a revenue ruling that aims to prevent abuse of stepped-up basis adjustments in irrevocable grantor trusts.

Correct accounting, tax preparation and reporting in the cannabis industry requires proper operational setup and processes, expertise and tools.

With input from tax influencers, a Keeper report discusses five enduring Tiktok myths about personal finances.

The American Institute of CPAs sent a lengthy to-do list to Capitol Hill with a wide-ranging set of tax proposals large and small.

Although the law includes several benefits, many manufacturers and trade groups were disappointed it did not repeal the Section 174 R&D expenditure capitalization requirements of the TCJA.

Will the average taxpayer qualify for a larger deduction or credit, or will their eligibility drop?

The billions in student loan debt forgiveness announced by the Biden Administration will be exempt from federal taxation but could be taxable at the state level in more than a dozen states — a hiccup many states are expected to quickly handle.

Draft of the new 1040; the rich get caught, too; how to speak accounting; and other highlights from our favorite tax bloggers.