Politics

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It’s a cliche that’s out of date, advisors say; instead, investors should actively consider the tax consequences before making market moves.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