The Financial Crimes Enforcement Network (FinCEN) issued an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to ...

Foreign investors should carefully analyze tax implications and strategies before investing in the growing U.S. market for ...

Court documents filed Monday showed that the government was ordered to rehire 24,000 workers across the 18 agencies, media ...

CEOs need to understand the arm’s-length rules for transactions between commonly controlled entities because of the enormous ...

Form 7217, Partner’s Report of Property Distributed by a Partnership, debuted for 2024, intended to apprise the IRS of ...

An email from the acting IRS commissioner, citing a federal court order, says certain probationary employees will receive salaries, back pay, and benefits but are “not [to] report to duty or perform ...

A recent Chief Counsel Advice memo determined that the deductions were disallowed as fines or penalties under Sec. 162(f).

The partnership-level adjustment may be required for a substantial built-in loss, except for electing investment partnerships ...

A news release says Treasury won’t enforce fines or penalties against U.S. citizens or domestic reporting companies or their ...

The Tax Court focused on the taxpayer’s role as president and managing director of the company in which he invested, along ...