A Colorado marijuana dispensary has asked for a rehearing from the Tenth Circuit over a dispute with the IRS involving improper business deductions.

Banks would be blocked from garnishing stimulus payments deposited into consumer accounts if they have past debts under a bipartisan Senate bill introduced Friday.

Treasury Secretary Steven Mnuchin said Congress will very likely need to pass more stimulus legislation for the U.S. economy, as the nation struggles to recover from the coronavirus outbreak.

Pandemic-induced market volatility and warnings from Wall Street that tax rates are bound to rise have more Americans preparing to move money from traditional individual retirement accounts into Roth IRAs.

The IRS is trying to fix a problem that is incorrectly barring some practitioners from accessing a system that allows them to view their clients’ tax returns and account information online.

As Americans use more weed during the quarantine, advocates say the pandemic will push the federal government to legalize cannabis faster than expected.

Proposed IRS rules on the tax law’s changes to a credit for rehabilitating historic buildings align with how professionals have been interpreting the provision.

This isn’t a great time to be in the future-predicting business, but unfortunately that is what accountants at companies large and small are paid to do.

Republican senators led by Lisa Murkowski ask Treasury Sec. Steven Mnuchin to ease requirements for companies using the energy investment tax credit and production tax credit.