Tax & Accounting News

Taxpayers who have student loans forgiven are spared a federal tax bill, but not all states treat forgiven loans the same.

The ABA made significant tax suggestions to the IRS for the Priority Guidance Plan, which the public can submit recommendations for year round.

Senate Finance Chairman Ron Wyden will draft new legislation to simplify the complex tax laws surrounding remote sellers.

The IRS recently announced a rare mid-year adjustment to the 2022 mileage rate, effective from July 01 - December 31, 2022.

Construction companies face more complex sales and use tax planning and compliance rules than other businesses mainly because the construction process itself is inherently complex.

Construction companies face complex and unique challenges in planning for and complying with the sales and use tax obligations they face in the states in which they do business.

The Missouri legislature passed legislation late Friday, May 14 that would impose the requirement to collect and remit sales tax on out-of-state businesses who sell their products into the state.

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