Tax regulations

President Biden releases his annual budget on May 27, a move likely to detail his plans to increase the capital gains tax rate and eliminate a lucrative benefit for inherited estates.

Notice 2021-31 explains a new credit from the American Rescue Plan Act.

The court unanimously ruled against the service in a decision enabling taxpayers to sue over a tax regulation, even before any penalty has been assessed.

As businesses invest in cryptocurrency and sell assets like nonfungible tokens, they should be aware of the accounting and tax issues surrounding them.

The IRS and the Treasury Department are giving small businesses that received Paycheck Protection Program loans in the first round a way to deduct expenses they couldn’t claim last year.

The Internal Revenue Service is providing penalty relief for an employer’s failure to deposit employment taxes with the IRS on a timely basis.

Notice 2021-25 offers details on a provision of the COVID-19 relief package from last December that allows a temporarily larger deduction.

When questions and issues arise about domestic employer obligations, families often turn to their trusted financial professional for advice.

The Internal Revenue Service has changed the calculation for determining the $10,200 exclusion on unemployment benefits in the new pandemic relief package, allowing more taxpayers to qualify, but forcing tax software developers to update their programs.

Yet another IRS change to tax rules amid the COVID pandemic is complicating tax-planning opportunities for financial advisors this filing season.

The buy expands Sovos' capabilities in SPED, Brazil's tax compliance system of record.

You can provide a bit (coin) of good news for clients with outsize short-term gains from alternative assets.

New guidance shows how employees and employers can carry over unused money from flexible spending accounts and dependent care assistance programs.

The Internal Revenue Service issued guidance on how educators can deduct out-of-pocket expenses for personal protective equipment to safeguard teachers in the classroom during the pandemic.

The Internal Revenue Service released information on how employees now have until the end of the year to repay any payroll taxes they deferred from last year.

Companies and their advisors will want to make sure they're up on what's reported on the form, how it's changing the 1099-MISC, and the state-reporting wrinkles that go along with it, says Janice Krueger of Greatland.

Highly paid college sports coaches and hospital executives are among the nonprofit employees the Internal Revenue Service is targeting in the final version of a tax-law regulation.

The library includes the Internal Revenue Code; rules for accountants and others practicing before the IRS; proposed, final and temporary regs; IRS guidance and private rulings; and much more.

The Internal Revenue Service and the Treasury Department released final regulations on how businesses can claim a tax credit for use of carbon capture equipment to help the environment.

The Internal Revenue Service and the Treasury Department released guidance on claiming deductions for expenses associated with Paycheck Protection Program loans that have been forgiven.