Thomson Reuters Tax & Accounting News | Federal Tax

A federal appellate court correctly affirmed the district court’s decision to deny tax-exempt status to an Iowa-based religious entity for …

With the Treasury Department reporting a $1.8 trillion budget deficit for fiscal year 2024, and interest on the federal debt …

The IRS issued final regs implementing Code Sec. 45X under the Inflation Reduction Act (P.L. 117-169) to further the Treasury Department’s goal …

On Wednesday, the IRS excused tax-exempt organizations from the requirement to file Form 4626, Alternative Minimum Tax – Corporations, for tax year …

The IRS has finalized regs under Code Sec. 3405(a) and Code Sec. 3405(b) to amend income tax withholding rules on certain periodic payments and …

Though the enhanced health care Premium Tax Credit doesn’t expire until the end of 2025, an extension is needed much …

A national tax professionals group is unhappy with a new advertising campaign that encourages taxpayers to drop their practitioner in …

In the latest development of a three-year investigation into potentially abusive tax strategies used by major players in the pharmaceutical …

Upon the closure of the public comment period for proposed regs addressing issues related to dual consolidated losses (DCL) and rules on …