Tax practice

The Internal Revenue Service has issued a revenue procedure saying a charitable remainder annuity trust that includes a sample provision in its governing agreement won’t be subject to a test that could disqualify it.

When Donald Trump first rolled out his tax plan last October, it contained a major boon for the middle-class—a near quadrupling of the standard income-tax deduction, to $25,000 for individuals and $50,000 for couples filing jointly.

Small-business and manufacturers’ groups praised a proposal by Republican presidential candidate Donald Trump to take the U.S. federal corporate tax from the highest to one of the lowest among developed nations.

Thomson Reuters has added content to its Checkpoint Catalyst tax and accounting research service on passive foreign investment companies and sales and use tax exemptions for manufacturers.

Donald Trump has cast himself as the establishment’s worst nightmare, but his new economic plan borrows heavily from the traditional Republican playbook in seeking to return the U.S. economy to the pre-crisis days of headier growth.

Donald Trump on Monday sought to cast Hillary Clinton’s economic program as an ineffective relic, and to reset his own presidential campaign after a string of missteps.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

The U.S. Chamber of Commerce challenged an Internal Revenue Service rule change it claims improperly stymies the ability of U.S. companies to shift their headquarters overseas to shelter global profits from American tax collectors.

There once was a time, after the Tax Reform Act of 1986, when the U.S. corporate tax rate was at the low end of corporate tax rates among industrialized economies.

The Internal Revenue Service is making some important changes in the Individual Taxpayer Identification Number program that will require many ITIN holders to renew their numbers under a law passed by Congress last December.

Back-to-school time in Massachusetts isn’t just celebrated by stir-crazy parents. It’s also a chance to shop sales tax free—or at least it was, until the state decided not to reinstate its sales-tax holiday this August for the first time since 2009 due to slowing state revenue.

Internal Revenue Service employees pushed too hard to impose levies on elderly people’s Social Security benefits, leading to economic hardship for some low-income people with tax debts, according to a new report.

The Treasury Department and the Internal Revenue Service have issued proposed regulations that would eliminate a tax-planning strategy for minimizing estate and gift taxes.

Highlights of some of our favorite tax-related blogs from the past week.

The Internal Revenue Service has proposed new regulations that could change the rules for reporting qualified tuition and related expenses for students.

Transfer pricing documentation rules have come to the fore with the United Kingdom’s Brexit.

The Internal Revenue Service is seeing a big increase this summer in automated phone calls from con artists pretending to work for the IRS calling innocent taxpayers demanding overdue taxes.

Mortgage interest deduction limit applies on per taxpayer basis.

A Swiss banker used a toothpaste tube a decade ago to smuggle diamonds into the U.S. Prosecutors now say an Israeli bank employee devised a new way to help a U.S. client hide assets from the Internal Revenue Service: She carried account statements into the country on a USB flash drive concealed in her necklace.

Billionaire investor Warren Buffett ripped into Republican Donald Trump Monday over his refusal to release tax returns, his business bankruptcies, and his attack on a fallen soldier’s family, repeating a famous phrase from the McCarthy era, “have you no sense of decency, sir?”