Tax practice

Sometimes, the elevation of form over substance can be costly for those who commit a “foot fault” in structuring a transaction in the tax arena.

In January, Donald Trump had this to say when he was asked about whether he would release his tax returns: “I have very big returns, as you know, and I have everything all approved and very beautiful and we’ll be working that over in the next period of time.”

If Donald Trump refuses to release his tax returns before November, it would be “disqualifying” to the presumptive Republican presidential nominee’s election bid, former Massachusetts governor and 2012 party nominee Mitt Romney said.

The House has passed legislation permitting the Internal Revenue Service to share taxpayer information with state and local law enforcement agencies to help find missing or exploited children, while maintaining safeguards for sensitive taxpayer information.

Approximately 69 percent of entrepreneurs who participate in so-called “sharing economy” services such as Uber, Lyft and Airbnb received absolutely no tax guidance from the companies they work with, according to a new survey.

Avalara is exploring the potential for using blockchain, the underlying technology in Bitcoin, in its sales tax software.

Many tax-exempt organizations have a filing deadline for Form 990-series information returns on May 16, the IRS warned.

The National Association of Enrolled Agents announced the members of its new board of directors.

More and more taxpayers are turning towards do-it-yourself tax software to prepare and file business and individual income tax returns.

Avalara kicked off its Crush New Orleans conference in the Big Easy, discussing the latest trends in sales and use taxes, excise taxes, global tax compliance and technology.

Avalara introduced CertCapture Mobile Scan App, a sales tax compliance app for point-of-sale transactions.

A practical guide to movie production tax incentives

Who would ever think that the most important part of a shoebox with a client’s tax information was the shoebox? Not me, and I lost a client because of it.

The Internal Revenue Service plans to stop notifying taxpayers by telephone when they are subject to an in-person field examination, in an effort to avoid confusion with phone scammers.

Donald Trump made a break from conservative orthodoxy on Sunday when he backed away from proposing large tax cuts for wealthy Americans.

Donald Trump said “hedge fund guys are getting away with murder” when he called for ending a lucrative tax advantage for investment managers, but his published tax plan would give them an even bigger break.

The anonymous whistle-blower who leaked millions of Panamanian legal documents related to secret shell companies offered to help authorities investigate and prosecute criminal cases that might arise from them in exchange for immunity.

Broad guidance governing tax-free spinoffs is “just not gonna happen” anytime soon, and companies contemplating them will have to keep seeking opinions on a case by case basis, a senior Internal Revenue Service official said.

A roundup of our favorite recent tax fraud cases.

Mid-market corporations in the U.S. could lose up to $1 trillion in equity value if the ability to deduct interest expenses is eliminated, according to a new study.