A placed-in-service date is the date when a long-term asset is first used by a company or organization. Learn how accountants use it to calculate depreciation.

Recent tax law changes could mean bigger refunds for millions of Americans this year, but some tax professionals say that refund could also be a sign money is left on the table every paycheck.

The Justice Department is seeking to toss out its criminal case against former Trump adviser Steve Bannon, who was jailed for declining to testify before the House Jan. 6 committee. U.S. Attorney for ...

The maximum child tax credit increased to $2,200 per child in 2025, up from $2,000, based on changes enacted via President Donald Trump's "big beautiful bill." However, with zero taxes owed, the most ...

TikTok algorithm key to its global success EU wants changes to TikTok's design TikTok slams EU charges as categorically false, meritless BRUSSELS, Feb 6 (Reuters) - TikTok was charged on Friday with ...

The 87% decline in Amazon’s federal tax bill for 2025 was largely attributable to the One Big Beautiful Bill Act’s corporate-friendly depreciation tax breaks. The new securities filing comes just days ...

Four of the corporations whose CEOs flanked President Trump at his January 2025 inauguration ceremony have now disclosed that they collectively received $51 billion in federal tax breaks in 2025, much ...

The House voted Wednesday to block D.C. from decoupling its local tax code from President Donald Trump’s federal tax cuts - an action that city officials warned would cause the nation’s capital to ...

SPRINGFIELD, Ill. (WTVO) — A new proposal in the Illinois House would overhaul how the state handles felony murder cases, separating the charge from first‑degree murder and creating a new sentencing ...