Economists are skeptical that tariffs are the best way to achieve the stated goals of reshoring production, reducing the trade deficit, serving as leverage with nations in various negotiations, and ...

Rules for signing the power-of-attorney form vary widely between partnerships audited under the Bipartisan Budget Act of 2015 (BBA) versus those under the Tax Equity and Fiscal Responsibility Act of ...

Quantum originally planned to release its 10-K on the fiscal year ended March 31 on Monday and hold an earnings call on Thursday. Write to Natalie Weger at [email protected] ...

An S corporation's shareholders must meet several requirements. S corporation shareholders must number no more than 100 people and must be either U.S. citizens or residents and human beings with ...

2. The Bad: The “Enforcement Surge” Is Real With its new funding, the IRS is ramping up enforcement to close the “tax gap”—the difference between taxes owed and taxes paid. While the agency has stated ...

Elon Musk’s X Corp has filed a federal lawsuit against a New York state law “Stop Hiding Hate Act” that requires social media companies to submit semi-annual reports on how they moderate hate speech ...

Billy Long's confirmation as President Trump 's new IRS Commissioner signals a pivotal moment for much needed tax reform in America. With the White House committed to eliminating federal government ...

YUM -1.37% Shares of McDonald's Corp. MCD -1.34% slipped 1.34% to $292.31 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX -0.84% ...

If the S corporation is a cash-basis taxpayer, it can elect to file a short tax year, take the full benefit of the insurance proceeds and execute the redemption before filing a life insurance claim.

The House-passed version of Trump's "big, beautiful bill" would add around $2.5 trillion to the deficit over the next decade, according to an estimate by the Congressional Budget Office. A March ...

Congratulations on starting your first job or getting a new one! When starting, your employer probably gave you a form called the Personal Tax Credits Return or TD1 form. It’s super important to fill ...