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The $1 million threshold at which the 23.8% capital gains rate would nearly double has sparked questions — and a strategy for some well-paid professionals.
August 24 -
Declines in income and boosts to government subsidies wiped away tax liabilities.
August 19 -
A CPA and a corporate communications vet are at the forefront of trying to reinstate the state and local tax deduction.
August 10 -
It's not the medals themselves — it's the prize money and the sponsorship deals that add up.
August 9 -
The company acquired Tax Prodigy, which calculates income tax-related elements of financial statements.
August 6 -
The Justice Department directed the Treasury Department to hand over former President Donald Trump’s tax returns to Congress, a move that means six years of Trump’s personal and business financial information could become public.
July 31 -
New York City mayoral candidate Eric Adams told a group of House lawmakers that the limit on the state and local tax deduction is harming the city.
July 29 -
Intuit has decided to leave the Free File Alliance after coming under criticism for making it difficult to access a truly free version of TurboTax.
July 19 -
The Internal Revenue Service has begun offering online Tax Pro Accounts that practitioners can use for submitting an authorization request to an individual client’s own taxes online with the IRS.
July 19 -
Democrats may include at least a partial expansion of the state and local income tax deduction in the $3.5 trillion budget outline that Senate Democrats agreed upon this week.
July 15 -
A whirlwind tour of American taxes, from Boston Harbor to today’s Internal Revenue Code.
July 13 -
The former Microsoft CEO was cited in a ProPublica story that showed how billionaires use ownership of sports teams to lower their tax obligation.
July 8 -
The IRS won’t treat cash-for-vacation donations as compensation.
July 2 -
Congress introduced bipartisan legislation aimed at changing the estimated tax payment deadlines to a uniform, quarterly schedule.
July 2 -
Because each state’s requirements vary, nonprofits and their accounting firms are tasked with navigating a complex regulatory landscape.
July 1
Harbor Compliance -
A rare show of bipartisan unity unfolded Tuesday, with 18 lawmakers making the case for an expansion of the state and local tax deduction.
June 30 -
Senate Budget Committee Chairman Bernie Sanders is proposing to partially revive the federal deduction for state and local taxes in an draft outline of a budget resolution designed to fast-track much of President Joe Biden’s economic agenda.
June 23 -
The president’s plan for trillions in proposed spending and tax increases is likely to take at least until September to clear.
June 21 -
Working remotely from abroad could bring some thorny tax problems.
June 15 -
Representative Tom Suozzi, one of the leaders in Congress behind the push for an expansion of the state and local tax deduction, is considering proposing a one-time wealth tax on the richest Americans.
June 15

















