Thomson Reuters Tax & Accounting News | Federal Tax

Although the digital asset market has cooled as cryptocurrency prices have fallen, some investors have options to make the most …

An underlying theme in comments from several government speakers at a recent tax conference is that although some preliminary guidance …

By Christopher Wood During a March 20 presentation by the IRS on employment tax at the American Payroll Association’s (APA) …

Congress should allocate a higher proportion of IRS funding towards taxpayer services and modernizing outdated internal systems and place less …

Treasury Secretary Janet Yellen assured Senate Finance Committee members in a raucous and wide-ranging hearing that much-needed guidance on energy …

Republicans on the Senate Budget Committee fiercely criticized President Biden’s $6.9 billion budget proposal during a March 15 hearing, charging …

Recent legislation and litigation involving the property deduction for energy efficient building projects should be seen as two major victories …

As part of the IRS’ hiring initiatives, increased staff will focus on transfer pricing noncompliance using sophisticated data analytics, according …

In a combative hearing, Republican majority members of the House Ways and Means Committee lambasted President Biden’s 2024 budget and …

President Biden’s $6.8 trillion budget proposal calls for nearly $5 trillion in tax increases on the wealthy and large corporations to help …