The Trump administration’s push to bring US drug spending down is a powerful incentive for pharmaceutical companies to boost prices and reduce access elsewhere in the world, a study found.

A Treasury Department and IRS proposal to implement a new tax credit for donors to scholarship-granting organizations is under White House review.

The bill, sponsored by Reps. Linda Sánchez (D-Calif.) and Nathaniel Moran (R-Texas), comes after a call for a film production tax break from President Donald Trump, though the president didn’t give ...

The U.S. District Court held that the IRS properly assessed willful FBAR penalties against a deceased taxpayer’s estate for ...

The IRS Office of Chief Counsel issued a memorandum concluding that return information of taxpayers not identified by a whistleblower may be disclosed to the whistleblower during review of the ...

Newly proposed IRS regulations on company expense allocation dampen a business tax benefit Republicans created in their 2025 tax law, tax practitioners say.

A South Carolina partnership’s reported charitable contribution deduction for a conservation easement was reduced to $0 under an agreement the partnership reached with the IRS.

A New York woman must pay tax penalties out of her late ex-husband’s estate because he failed to report to the IRS hundreds of thousands of dollars he had deposited in foreign bank accounts, a federal ...

The IRS’s newly finalized rules on deducting car-loan interest are liable to cause some problems for lenders when they try to separate what’s eligible for the deduction from what isn’t, critics say.

The Federal Circuit handed expat taxpayers back-to-back losses, ruling that certain US tax treaties don’t permit offsetting a 3.8% net investment income tax with foreign tax credits, but practitioners ...

A failed multi-million dollar deal involving a Pablo Picasso painting resulted in an art broker owing more than $5 million after the US Tax Court said Thursday money he received from the father of ...

Democrats want to make the country’s housing shortage a priority if they flip the House in November, but they’re in ...