A business expenditure is deductible if it is ordinary and necessary as defined in IRC section 162. The “all-events test” generally determines the timing of the deduction. The Tax Court recently ...

Recent reports indicate the US economy experienced negative growth in the first quarter, creating a stark contrast with the stock market’s performance. This economic contraction comes at a time when ...

Several readers objected to my recent column about economic illiteracy colliding with feelings about today’s booming economy. I was tempted to quote a pithy bumper sticker about the relevance of ...

As Chicago Bears President Kevin Warren pushed for a new football stadium on the lakefront, he said that if you look around today’s Chicago, you see a paucity of cranes in the sky. That’s visual ...

More than two years into the Covid-19 pandemic, it’s time to draw some conclusions about government policy and results. The most comprehensive comparative study we’ve seen to date was published last ...

The Washington Examiner’s Joe Concha said Wednesday it is unlikely the One Big Beautiful Bill Act will hurt the Republican Party ahead of the 2026 midterm elections, saying it comes down to the ...

DALLAS—It’s highly unlikely diesel prices will get back to normal levels anytime soon. Even under normal circumstances, fuel remains a consistent top operational expense for fleets. Regardless of the ...

President Joe Biden held an hour-long press conference Thursday night and answered a range of questions about his age, his competence, his stamina, his health and his future. He also delivered several ...