Crowe

As the IRS scrutinizes large partnerships, they have new ways to report and correct errors in their returns.

A short window won't necessarily stop lawmakers from proposing or introducing new legislation, though — if only to position themselves ahead of next November's election.

The plunging value of many cryptocurrencies and nonfungible tokens has led to worries about the tax implications faced by crypto investors and companies.

Employees who move to low-tax states may still be taxed by their former residence, as more states levy taxes on cross-border business.

Some business owners can get hurt by workarounds to the $10,000 limit for state and local tax deductions.

Last month's COVID-19 relief bill has accountants recommending some deductions to clients, and wondering about the applicability of others.

The Internal Revenue Service and the Treasury Department released guidance on claiming deductions for expenses associated with Paycheck Protection Program loans that have been forgiven.