Washington, D.C. — The 2017 tax law was fundamentally flawed, increasing income inequality while putting upward pressure on the debt for little payoff. Looking ahead to the 2025 tax debate, a new ...

Learn about tax attributes, which are reductions in tax credits, losses, and property basis when debt cancellation is excluded from taxable income.

The AICPA recommended 183 changes to the IRS’s 2025–2026 Priority Guidance Plan and also encouraged the agency to continue to pursue tax simplification. “The AICPA’s Guiding Principles of Good Tax ...

LINCOLN, Neb. (WOWT) - While the governor hasn’t yet released an official proclamation about this week’s special session, he did issue a “statement of principles” ahead of the Legislature’s return on ...

On September 13, 2024, in the Federal Register, the Treasury and IRS published proposed regulations implementing the corporate alternative minimum tax (“CAMT”). Its 182 pages (including 62 pages of ...

In this episode of Tax Notes Talk, Monisha Santamaria and Nick Tricarichi of KPMG discuss the scope of the latest guidance on the corporate alternative minimum tax and its impact on tax and accounting ...

The power to tax is the most ubiquitous of all government powers. It reaches directly or indirectly to all classes of people, all industries, all elements of society. Taxes always place at least some ...

Preston was a Research Fellow for tax policy in The Heritage Foundation’s Grover M. Hermann Center for the Federal Budget. New IRS regulations require foreign income taxes to adhere more closely to ...

AT TEN. WELL, GOVERNOR PALIN ISSUED A STATEMENT OF PRINCIPLES AHEAD OF THIS WEEK’S SPECIAL SESSION. IT INCLUDES A LIST OF THINGS THAT WILL NOT BE TAXED. FOOD, MEDICINE, SERVICES OR GOODS PROVIDED BY ...

The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their ...