Taxes

IRS proposes rules to govern new small business deduction

Small business owners have gotten more information about a new tax break many will get, with the IRS issuing proposed regulations that explain the deduction for qualified business income and which company owners can claim it.

Tobacco-funded group sues over Montana citizen tax measure

A tobacco industry-funded group wants to change the wording of a citizen's ballot initiative that would significantly raise Montana's tobacco taxes, a legal challenge that is part of the group's expensive effort to defeat the measure when it goes to voters in November.