Baker McKenzie practitioners analyze the new international tax provisions enacted as part of the “One Big Beautiful Bill” ...

Plus: Social Security ends paper checks, Live Aid, changes to Forms 1099, filling out Form W-9, national debt costs, filing ...

Tax Tips for Single-Owner S Corporations. S corporations provide a variety of potential tax savings unavailable to sole proprietors or partners. As the only shareholder, you are free to set ...

If the old business was an S corporation, you'll have to file two returns: an appropriate one for the new business based on its legal status and Form 1120S for the old business, marked as final.

House Republicans narrowly passed President Donald Trump's $4.5 trillion tax breaks and spending cuts legislation, overcoming opposition and securing a key victory for the GOP.

Congress passed the tax cut and spending megabill with President Trump's legislative priorities which includes new tax exemptions for tipped hourly workers. But how will it work?

The legislation contains about $4.5 trillion in tax cuts. The existing tax rates and brackets would become permanent under the bill, solidifying the tax cuts approved in Trump's first term.

The Democratic mayoral hopeful promises free child care, a $30 minimum wage and a massive tax hike on the city’s corporations. But much is not within a mayor’s control.

Republicans’ tax bill would water down a century-old gun law The proposed changes come at a time when the firearms industry is seeking to boost sales that have plummeted since the covid-19 pandemic.

Michigan's James Benson joined the president, who announced tax deductions on car loan interest for American-made vehicles as part of the "big, beautiful bill" event Thursday.

Enphase Energy was the best-performing stock in the S&P 500 Thursday amid reports Congress may not cut federal tax incentives for residential rooftop solar installations.