For the second time in a week, a federal circuit court of appeals has handed the IRS a defeat on the issue of whether an overstatement of basis amounts to an omission from gross income for purposes of ...

California Senator-elect Adam Schiff defended his claims of Russian collusion years later during a recent appearance on CNN’s "State of the Union." Host Jake Tapper asked Schiff Sunday about President ...

Inventory is an asset held by a business for sale, and it adds to the total capital of a business. The control of your inventory is an important aspect of managing the finances of a business.

On Thursday, the Tax Court held that temporary regulations issued by the IRS last year that defined an overstatement of partnership basis as an omission from gross income are invalid (Intermountain ...

Memphis Mayor Paul Young said that President Donald Trump’s comments that he was “happy” about the decision to deploy the National Guard to his city were “an overstatement” while appearing in front of ...