Senate Bill 711 (S.B. 711) would update California’s conformity date to the Internal Revenue Code (IRC) from January 1, 2015, ...

Proposed Section 899, introduced as part of the “Defending American Jobs and Investment Act” (H.R. 591) and incorporated into ...

Getty Images / alfexe Many people think that Internal Revenue Service (IRS) publications are the definitive source of information about how to file your income taxes. Not so. The tax code ...

Under Section 1244 of the Internal Revenue Code, losses from the sale of these shares can be deducted as ordinary losses rather than capital losses. This tax benefit is available up to a maximum ...

This legislation seeks to amend the Internal Revenue Code, signaling a potential shift towards integrating cryptocurrency into mainstream financial systems. The bill provides a framework for the U ...

manusapon kasosod / Getty Images The tax treatment of dividends in the U.S. depends on whether the Internal Revenue Code (IRC) classifies them as qualified dividends or ordinary dividends (also ...