AMT

President Donald Trump promoted a tax overhaul as essential to boosting economic growth as he huddled Tuesday at the White House with his advisers and the congressional leaders shepherding his push to overhaul the nation’s tax code.

National Economic Council Director Gary Cohn disputed the suggestion that the Trump administration’s proposed tax overhaul would benefit the wealthiest Americans on Friday—and said it’s not clear the highest earners would get any tax cut at all.

President Donald Trump will once again tout tax cuts for the middle class and small businesses Wednesday—amid suggestions that high earners would benefit most.

Republicans struggling to pass a major tax overhaul that doesn’t add to the federal deficit are discussing a kind of compromise: mixing permanent revisions with temporary rate cuts for individuals and businesses.

ID theft keeps on rolling; will Trump prune the IRC?; the accountant of 2022; and other highlights from our favorite tax bloggers.

Moves for business and individual clients to make before Washington changes the code.

The Congressional Research Service has issued a report summarizing the proposed tax changes in the "Better Way" tax reform blueprint released last summer by congressional Republicans.

Deductions for state and local taxes; ‘stealing from the dead;’ how to do away with refundable credits; and other highlights from our favorite tax bloggers.

Many of the president's "core principles" were similar to promises he made on the campaign trail, including a reduction to 15% in the rate for businesses.

Taking a cue from the failed Repeal and Replace healthcare process, the Trump administration Wednesday released a broad outline of its tax reform plan, with many details to be spelled out in legislative form during negotiations with Congress.

The White House made its opening bid for what officials called the “biggest tax cut” in U.S. history—with cuts that would benefit businesses, the middle class and certain high-earning individuals—but left unanswered questions about whether the plan would be paid for, or how.

As taxpayers and tax professionals race to finish up their tax returns by April 18, or opt to file for an extension, there are still a few last-minute things they can do, along with plenty to think about for next year.

Leaked pages of President Donald Trump’s 2005 tax return offer no new details about his foreign income and business dealings but highlight a tax he’s vowed to abolish.

How IRA conversions can come at a steep price for clients. Plus, ways to dodge a surprise bill from the IRS.

As lawmakers in Congress mull the real possibility of a tax overhaul, various proposals are being debated before legislation is introduced.