Politics

The three lawmakers vying to chair the powerful Ways and Means Committee — Vern Buchanan of Florida, Jason Smith of Missouri and Adrian Smith of Nebraska — embody the ideological tension within the Republican Party.

Biden's program will wipe out federal debt for millions of borrowers, freeing up cash to compound in long-term nest eggs over decades.

Concerns have mounted over the last few days about the tax ramifications of President Biden's forgiveness of student loan debt.

The requirement, buried in the $1 trillion infrastructure law passed last year, mirrors one for brokerages and has flown under the radar.

Gov. Kathy Hochul and legislative leaders struck a budget deal that promises a little less pain at the pump, help for working parents, and new tax breaks.

Ending tax-free wealth transfers through the longstanding step-up in basis loophole is among the proposals.

Many proposals for tax hikes on the wealthy haven't materialized, leaving investors with trusts, gifts or sales that might now seem hasty — or not.

After months of talk of steep tax increases on the wealthy, a kinder reality has emerged for well-off clients.

It’s a cliche that’s out of date, advisors say; instead, investors should actively consider the tax consequences before making market moves.

The agency has cleared out much of its mammoth backlog of unprocessed returns, but scores of individuals and small business owners remain in limbo.

How advisors handle tax advice for their clients can depend on how large their firm is.

The latest proposal underscores a fierce fight in Congress over ways to pay for Biden's slimmer social-spending agenda.

The agency will consider whether to require affluent taxpayers to pay tax on transfers to trusts made under higher exemptions that expire come 2026.

Government budgets are prepared with “wild, wild west” accounting rules.

Several accounting firm leaders shared their thoughts about the riot in the U.S. Capitol Building in Washington, D.C.

Leaders of the Big Four CPA firms and major companies are stepping in and asking Congress to allow a smooth transition to the Biden administration.

The president-elect's pledge to repeal President Donald Trump‘s tax cuts as soon as he is inaugurated may be stymied for the foreseeable future.

As the country looks to make its choice between two decidedly different candidates, tax preparers are watching the race play itself out from a unique vantage point.

Former vice president and Democratic presidential candidate Joe Biden’s tax proposal will limit direct tax increases to just 1.9 percent of taxpayers.

Two of three judges on a Washington appeals court appeared skeptical of President Donald Trump’s renewed efforts to prevent accounting firm Mazars USA LLP from turning over his financial records to House Democrats