Income taxes

Democrats are risking the ire of voters inflamed by this year’s tax-filing season, as the stalling of President Biden’s economic package leaves them without promised benefits.

The Golden State is poised to restore corporate tax breaks and extend its workaround for the federal cap on deductions for state and local taxes.

Here are four core moves that advisors are considering right now for clients as they gear up to file their federal tax returns.

A group representing managers at the service is pushing back against demands to stop sending automated tax notices to taxpayers.

The department is reconsidering the IRS’s reliance on facial recognition software ID.me for access to its website.

Opponents of the plan filed a lawsuit claiming a state summary of a November ballot question misleads voters.

Gift tax returns and the wealth transfer strategies they reflect don’t face the same IRS logjams as individual returns.

Several House Democrats promise to sink President Biden’s economic agenda if doesn't include an expansion of the federal deduction for state and local taxes.

The following steps will guide you in establishing an all-inclusive tax research effort on behalf of your entire client base while ascertaining the likelihood of success.

John Wiley & Sons has updated its annual J.K. Lasser series of tax guides with information for preparing tax returns this year.