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Ask the average business owner if they have a tax shelter and they’d probably have a chuckle while wistfully thinking about how nice it would be to swim in crystal clear waters while their offshore bank accounts grew, unencumbered by state and federal taxes.April 2
Senior technical editorTax & Accounting Professionals business of Thomson Reuters -
The measure contains tax relief for both businesses and individuals, and other stimulus measures.March 27
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Republican staff on the Senate Finance Committee have released a set of answers to frequently asked questions about the stimulus payments.March 27
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The passage extends the IRA contribution deadline and waives RMDs for 2020. Here’s what else financial advisors need to know.March 27
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The Senate voted 96-0 late Wednesday to approve a sweeping $2.2 trillion stimulus package to help the nation emerge from the coronavirus pandemic.March 26
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Large retailers like Walmart Inc. and Target Corp., as well as student loan borrowers, are on a long list of potential winners from tax breaks included in a $2 trillion coronavirus relief bill approved by the Senate.March 26
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Days of negotiations between the Trump administration and Congress — and fierce lobbying by industries eager for assistance dealing with the coronavirus outbreak — has yielded a rescue package worth more than $2 trillion in spending and tax breaks.March 25
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Some common planning techniques have emerged to maintain favorable IP tax rates.March 20
Practice leaderFJV Tax
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A centerpiece of the package is tax rebates to individuals of $1,200 and $2,400 for married couples. Rebates are completely phased-out for taxpayers with incomes exceeding $99,000 for individuals or $198,000 for a couple.March 19
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A package of coronavirus relief legislation that was signed into law Wednesday includes provisions for paid sick leave, family leave and medical leave, along with tax credits to help employers and the self-employed pay for them.March 19
