Clarifying that business interest expense subject to Sec. 163 (j) includes any interest incurred and capitalized during the tax year, except for interest capitalized under Secs. 263 (g) and 263A (f); ...

Learn how to use IRS Form 4562 to claim depreciation and amortization deductions for business property. Understand the criteria, asset types, and filing process.

Chief Financial Officer James Langrock stated, Colombia represents about 60%, 70% of the fresh flowers coming into the ...

This is an edited transcript of an episode of “The Ezra Klein Show.” You can listen to the conversation by following or ...

2026 tax season is nearly here, and the IRS is encouraging Americans to start gathering and organizing their tax records now to ensure accurate returns and avoid refund delays. “It’s not too early to ...

WASHINGTON, D.C. — The Internal Revenue Service is urging Americans to begin preparing now for the 2026 tax filing season, warning that changes under the newly enacted “One Big Beautiful Bill” will ...

There is a lot of confusion about the Illinois estate tax. To communicate as simply as we can, we often describe Illinois’ estate tax as an exemption for up to $4 million. This would, of course, be ...

The IRS has released its guidance for the "no tax on tips" and "no tax on overtime" provisions of the One Big Beautiful Bill Act (OBBBA), for workers who can claim the deductions for the 2025 tax year ...

The Internal Revenue Service (IRS) is implementing a Salesforce artificial intelligence (AI) agent program across multiple divisions in the wake of a mass workforce reduction earlier this year, ...

A judge halted a federal deportation effort Friday, writing that the tax agency had illegally disseminated the data of some migrants. By Andrew Duehren Andrew Duehren covers tax policy. A federal ...