Tax strategies

The Internal Revenue Service has issued a revenue ruling clarifying the tax treatment of a package of films on a TV channel in terms of the domestic production activities deduction.

A look at the major developments from the past year.

Lower corporate tax rates will lead to some very interesting financial reporting.

The drop in corporate rates could causes issues with deferred tax assets and liabilities.

Republican lawmakers said they wanted to simplify the tax code so you could file your return on a postcard. It turns out the new tax law will be anything but simple for many affluent Americans, who are now inundating their accountants for advice.

Normally right about now, many on Wall Street would be packing their bags for the Caribbean or the slopes. Not this year.

A split inside the White House helped preserve a loophole that benefits investment fund managers in the tax bill that’s headed for President Donald Trump’s desk—despite Trump’s campaign promise to abolish it.

Wolters Kluwer Tax & Accounting has released guides for both consumers and tax professionals to the new tax reform law that President Trump signed into law Friday.

Happy Tax, a growing tax franchise, has opened a new tax preparation division aimed at the burgeoning cryptocurrency market.

Shortly before passing a far-reaching but unpopular bill on a party line vote, the Speaker of the House assured critics that people would like it once they felt its benefits.

The tax reform legislation that Congress approved Wednesday has a number of complexities that could prove problematic for tax professionals and their clients.

If you’re confused by how the Republican tax bill will affect you, you’re not alone.

The impact of the biggest overhaul of the U.S. tax code in three decades will spread far and wide starting next year, highlighted by a cut in the corporate rate to 21 percent from 35 percent, fully allowable deductions for capital expenses and lower levies on repatriating overseas profits.

Senate Republicans passed the most extensive rewrite of the U.S. tax code in more than 30 years, a bill that delivers a deep, permanent tax cut for corporations and shorter-term relief for individuals.

The GOP tax reform act will create plenty of work for practitioners.

President Donald Trump could benefit from some of the business provisions in the tax bill that could be headed for his signature this week, White House Press Secretary Sarah Huckabee Sanders said Tuesday.

The tax reform bill that’s due for a vote this week in Congress will leave lots of tax loopholes for taxpayers and tax practitioners to strategize around for years to come.

The final Republican tax bill would lower taxes on average across the income spectrum for the first eight years, with the largest benefits going to upper earners, according to a new analysis Monday by the Urban-Brookings Tax Policy Center.

The last few weeks of the year can be a stressful time both personally and professionally for everyone, including small business owners preparing for both the New Year and the tax year.

A deal meant to preserve a key source of financing for wind and solar developers in the Republican tax bill contains some hidden pitfalls that could undercut its benefit.