Tax deductions

Jonathan Blattmachr, an estate planning lawyer, is such a fan of the strategy he’s created to help some of his wealthy clients get around the new property tax deduction cap that he’s using it himself.

The tax prep chain foresees fewer customers coming in to have their returns prepared as a result of the new tax law.

Some of the mistakes in the hastily drafted legislation could cost the industries millions of dollars.

The Tax Court rules that creditors must have hard evidence that an obligation is uncollectable before they deduct it.

Thomson Reuters has introduced the Checkpoint Tax Cuts and Jobs Act Toolkit to help accounting firms advise clients about the new tax law.

Florida’s long-running effort to lure Wall Street hotshots is gaining traction thanks to a provision in the federal tax law that hits residents of high-tax states.

Because of quirky rules, even profitable teams can generate paper losses that erase the tax bills on an owner’s other business interests.

The Tax Cuts and Jobs Act is having a major impact below the federal level.

A new notice offers details on how the Tax Cuts and Jobs Act is forcing changes in write-offs for items like job-related cars and moves.

New Jersey Attorney General Gurbir Grewal warned the Internal Revenue Service that he will fight any challenge to a law that preserves state and local property-tax deductions.