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Pending home sales in April dropped more than expected as mortgage rates climbed toward a multidecade high.
The bond market anticipates an acceleration of Fed rate increases and a drawdown of the Fed's accumulation of long-term Treasury bond purchases.
IRS issued proposed PFIC regulations which impact US partners with foreign assets held through US partnerships.
IRS: Website that connects lessors to lessees is a “brokerage service,” shareholder not eligible for section 1202 capital gain exclusion.
The first payment deadline for deferred payroll taxes is quickly approaching and employers should be prepared to make payments.
Nearly two years into the pandemic, there are signs that the worst of a once-in-a-century shock to the global economy is beginning to fade.
The IRS issued Notice 2021-63, clarifying previous guidance pertaining to the deductibility of food and beverages provided by a restaurant.
Bipartisan infrastructure bill passes House with bipartisan vote. President Biden expected to sign by end of next week.
The IRS has released its annual cost-of-living adjustments for retirement plan limits, effective Jan. 1, 2022.
After intense negotiations, some provisions were eliminated while others were rewritten in an effort to appease all Democratic members.