Republican Senator Thom Tillis says he expects a delay in the implementation of Section 899, the so-called “revenge” tax, in the GOP tax bill.

The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities.

The Madison County tax preparer and insurance agent under state and federal investigation for allegations he operated a Ponzi scheme has been arrested and indicted ...

Tax-loss harvesting means selling investments at a loss to offset your capital gains and lower your tax bill. Many, or all, of the products featured on this page are from our advertising partners ...

Stephanie Lulay, Executive editor and Co-Founder of Block Club Chicago, joins Bob Sirott to share the latest Chicago neighborhood stories. She provides details on: Chicago’s Grocery Tax Was Slated ...

In the tax and accounting world, deferred revenue refers to the payments a business receives from its customers before they're actually earned, meaning the prepaid goods and services haven't been ...

As a result, the amount of tax you figure your business "should" pay based on its reported profit will be different from its actual tax bill. This disparity shows up in your company's financial ...

A tax shield is a reduction in taxable income for an individual or corporation achieved through claiming allowable deductions such as mortgage interest, medical expenses, charitable donations ...

A federal tax liability is an amount that’s owed to the government in taxes. It can include income taxes on earnings and capital gains taxes on assets. Both are based on brackets, a percentage ...

Senators passed the “No Tax on Tips Act” in a unanimous vote Tuesday, sending the legislation to the House in a win for President Donald Trump, who campaigned last year on removal of taxes on ...

The Republican-led Senate passed the No Tax on Tips Act in an unexpected unanimous decision Tuesday afternoon. The bill, which eliminates federal tax on tips for hospitality workers and servers ...