Thomson Reuters Tax & Accounting News | Federal Tax

The Supreme Court held 7-2 on June 20 that the one-time mandatory repatriation tax (MRT) or “transition tax” under the …

While some lawmakers have called for expanding the foreign-derived intangible income (FDII) deduction – which was intended to keep intellectual …

The IRS has issued final regulations on the prevailing wage and apprenticeship (PWA) requirements for claiming an increased credit or …

As the IRS steps up audits of tax-exempt nonprofit hospitals, experts at Grant Thornton offered advice to help tax professionals …

The IRS and Treasury Department issued a suite of guidance as part of a new regulatory initiative aimed at closing …

Customers of major tax preparation companies should take tax advice from artificial intelligence chatbots with a grain of salt due …

The FATCA International Data Exchange Service (IDES) is migrating to an updated system and vendor beginning at 8 am EDT …

The IRS is reminding taxpayers who need to make estimated tax payments that the 2024 second quarter estimated tax deadline …

For the IRS to effectively shift the taxpayer experience to a fully digital landscape, it must leverage teams across different …

In a case contending that a nonprofit fund benefiting Black female entrepreneurs is discriminatory, the Eleventh Circuit has sided with …