Tax practice

For all the partisan squabbling in this bizarre election year, a consensus has emerged in one important area: The U.S. corporate-tax system is broken.

Donald Trump offered a new line of defense of his own tax problems Tuesday: blame Hillary Clinton.

Highlights of some of our favorite tax-related blogs from the past week.

You can’t seem to get rid of them during high season, but how much should you communicate with your clients the rest of the year?

Hillary Clinton accused Donald Trump of gaming the tax system to avoid paying federal income taxes while the Republican nominee said the blame lies with politicians who created a complex Tax Code.

The IRS recorded two violations of its Fair Tax Collection Practices in 2015, though as many as a dozen additional cases with potential violations were not tracked, according to a recent report.

Donald Trump won’t release any new tax information in response to revelations that he claimed a massive tax loss in 1995 that potentially allowed him to eliminate his federal income-tax bill for almost two decades, according to two people familiar with the campaign’s thinking.

Donald Trump was facing renewed pressure to release his personal tax information after a New York Times report that he recorded a $916 million loss on his 1995 income tax return, a deduction that might have allowed him to cut his federal income tax for several ensuing years.

Farmers and ranchers who were forced to sell livestock due to drought now have more time to replace the livestock and defer tax on any gains from the forced sales, the IRS said.

H&R Block is offering taxpayers who use an ITIN a free renewal before next season.

Victims of Hurricane Hermine that took place beginning on Aug. 31 in parts of Florida may qualify for tax relief, according to the IRS.

A group of advocacy organizations is urging the Financial Accounting Standards Board to require multinational companies to disclose more information about their taxes.

The Wildenstein family of art dealers sold more than 600 pieces since the turn of the century, generating around $300 million in cash to fund their lifestyle, and has works worth nearly three times that much in storage, according to a banker who has intricate financial knowledge of the clan’s dealings.

A roundup of our favorite recent tax fraud cases.

Highlights of some of our favorite tax-related blogs from the past week.

Although I live a few miles from Hofstra University, the site of Monday night’s Presidential debate, I didn’t have a ticket to the event. Instead, I spent the time trying to get to the Marriott next door, where viewers were promised the chance to meet one of the candidates afterward.

The Tax Foundation has released its annual ranking of states and how competitive their business tax codes are.

A group of 41 Senate Republicans is urging the Treasury Department to drop proposed regulations that would eliminate a popular tax strategy for minimizing estate and gift taxes.

The Internal Revenue Service has released new procedures that help a taxpayer make the decision on whether to opt for a qualified terminable interest property election to reduce estate taxes.

The very rich are different from you and me. They even have their own IRS audit squad.