Tax

For most senior taxpayers, Monday, April 1, 2019, is the date by which persons who turned age 70½ during 2018 must begin receiving payments from Individual Retirement Accounts (IRAs) and workplace retirement plans.

Beginning this tax season, the corporate tax rate dropped from 35 to 21 percent. Although many small businesses may benefit from the lower rate, some may pay more because the previous tax rate of 15 percent on the first $50,000 of taxable ...

Under the usual rules, taxpayers who have reached age 70½ are obligated to begin taking lifetime RMDs from their traditional IRAs (but not Roth IRAs) and employer-sponsored plans like 401(k) plans on an annual basis.

While the current sales tax landscape may not represent the same type of danger we saw back then, it is a danger nonetheless. Many companies, as well as their trusted advisers, are either unaware of the danger or are not taking the potential danger ...

The Internal Revenue Service issued proposed regulations under section 250 of the Internal Revenue Code, which offers domestic corporations deductions for foreign-derived intangible income (FDII) and global intangible low-taxed income.

The Internal Revenue Service has announced that interest rates will remain the same for the calendar quarter beginning April 1, 2019, as they were in the first quarter of 2019.

In an effort to close tax gaps, governments around the world are embracing digital transformation to enforce collection of transactional taxes, putting new pressure on ERPs and associated cloud applications to get tax right the first time. By putting ...

Kicking off the annual “Dirty Dozen” list of tax scams, the Internal Revenue Service today warned taxpayers of the ongoing threat of internet phishing scams that lead to tax-related fraud and identity theft.