Tax strategies

California's proposed wealth tax has become one of the most closely watched fiscal policy experiments in American history.

The IRS is proposing to remove regulations that tried to crack down on the abusive use of basis-shifting transactions by partnerships as a way of minimizing taxes.

New Tax Foundation research reveals which households and regions gain most from President Donald Trump's One Big Beautiful Bill Act.

Preparers are helping clients navigate OBBBA deductions and other pressing concerns.

A key advantage to partnering with a wealth management firm is gaining a complete view of each client's financial picture.

Halfpricesoft, an accounting and payroll solutions provider, updated its ezW2Correction software to assist with file corrections for 2015 to 2025 tax forms.

New proposals in seven states could soon subject over half of all U.S. millionaires to targeted high-earner tax rates.

After nearly a century of trying, Washington state Democrats could finally pass an income tax — a move that would hit 30,000 or so top earners.

In practice, depreciation does not eliminate tax cost over time. It merely redistributes it.

The tax-filing season for individuals just opened recently, but businesses already got a head start on various tax incentives in the One Big Beautiful Bill Act.

Plus, Sage rolls out AI enhancements for reporting, AP, sales; Datarails launches Spend Control solution for contract visibility.

Even though advisors doubt it will pass, California's proposed billionaire tax is already reigniting residency and wealth planning conversations.

Missed IRA RMDs can cost clients thousands, Vanguard research shows. But financial advisors can help erase tax penalties and avoid future ones with a few key strategies.

The announcement adds a prominent voice to a debate that has divided top Democrats and rattled Silicon Valley's elite.

The OBBBA reshaped several baseline assumptions for 2026 planning around state and local tax, above-the-line deductions and updated inflation adjustments.

New OBBBA restrictions mean wealthy donors lose deductions on smaller, routine gifts. Here is how to use DAFs and donation grouping to preserve tax benefits.

Neuberger Berman is buying a $1.2 billion minority stake in tax advisory and software provider Ryan LLC.

Under a proposed ballot initiative in California, billionaires would face a one-time 5% levy to cover funding shortages for health care, food assistance and education.

Rhode Island Governor Dan McKee is warming to the idea of a tax on the wealthy as one way to bolster the state's resources after a particularly turbulent year for its economy.

The updated framework under the OBBBA has created new opportunities for the sports and entertainment industries in rural areas and low-income urban areas.