Section 179 lets you deduct the full purchase price of qualifying business equipment bought and put into use during the year.

Republicans are aiming to pass large pieces of Trump’s agenda through a process known as reconciliation, which bypasses the Senate filibuster and thus doesn’t require Democratic votes. But House ...

Many older business owners plan to sell their business in the coming years. Trump's new tax law can make cashing out more ...

As usual, tax bracket thresholds were raised. Many taxpayers are getting some additional relief beginning this year, though.

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In this episode of Tax Notes Talk, Alan McLean, chair of the tax committee at Business at OECD, discusses the developments in the international business tax world during his tenure and the committee’s ...

The Internal Revenue Service (IRS) announced new guidance on Friday aimed at dramatically reducing examination times for corporate taxpayers while making the audit process more collaborative and ...

The state’s August revenue numbers are raising concerns from New Jersey business leaders. The Treasury Department reported Sept. 15 that August revenue collections for major taxes totaled $2.8 billion ...