Tax planning

The Internal Revenue Service has released rules with the formula that determines how much Ivy League universities and other wealthy colleges will pay under a new tax.

Democratic presidential front-runners largely agree on their first tax priority: Scrap the TCJA and institute new levies to pay for social programs.

The 3.1 percent hike includes workers at the Internal Revenue Service.

The White House is developing a plan to cut taxes by indexing capital gains to inflation, according to people familiar with the matter, in a move that would largely benefit the wealthy and may be done in a way that bypasses Congress.

They’re an eclectic bunch — some of the nation’s most privileged heirs alongside entrepreneurs who have made spectacular fortunes in real estate, finance and Silicon Valley. But collectively they’re united on the need to tax more of the richest Americans’ assets.

Democratic presidential hopeful Bernie Sanders will propose canceling the nation’s outstanding $1.6 trillion of student debt and offsetting the cost with a tax on Wall Street transactions.

Both asset holders and practitioners have to educate themselves on the tax and recordkeeping rules around cryptocurrencies.

The American Institute of CPAs submitted more than 140 recommendations to the Internal Revenue Service regarding its 2019-20 Guidance Priority List.

A short list of pointers for when students put down the diploma and pick up the tax return.

Between federal, state and local rules, hosts need to be sure they’re in compliance.

The new attempt aims for more simplicity and privacy.

Now is the time to fill in the gaps in your clients' financial plans.

As the U.S. retirement savings crisis continues to grow, legislators are taking steps to ensure all employees have access to formal retirement savings programs.

Democratic presidential candidate Bernie Sanders introduced legislation that would impose a tax on trades of all stocks, bonds and derivatives in the U.S., a move he says would help curb Wall Street speculation and help finance his campaign promise to provide tuition-free college and cut student debt.

Small businesses across America are asking the same question: Am I operating in the correct entity to maximize tax savings?

A recent court decision on FBAR penalties could impact the tax reporting of the newest member of the British royal family.

The chances of an IRS audit for people making at least $10 million a year plunged during the government’s last fiscal year, according to data released on Monday.

Brokerage firms are sending tax statements to clients and the IRS with information that differs from the taxes investors ultimately owe, leading some filers to appear to owe tax on profits they never made.

The Democratic presidential candidate is seeking to show young voters she would ease one of their biggest economic burdens.

The Internal Revenue Service hopes to improve taxpayer service and cybersecurity by updating its IT infrastructure.