Tax strategies

Experts say that busy entrepreneurs often miss incentives and advantages available to them. Financial advisors and tax professionals can give them a nudge.

Biden's comments, timed to follow Tax Day, sought to highlight differences between his tax and economic agenda and Trump's.

With tax authorities scrutinizing partnerships, CPAs and tax pros need to think more strategically about filing for extensions.

A congressional hearing takes aim at an estate planning strategy that relies on the step-up in basis.

Forvis announced the release of a complementary web-based tax tool for clean energy projects and investments.

An unlikely pair of senators is teaming up to propose legislation to eliminate tax breaks for corporate M&A activity.

With the IRS continuing to launch promoter audits, it is important that anyone subject to such an audit consider a few strategic issues.

The Senate Finance Committee held a hearing to discuss the Biden administration's recently unveiled budget and tax proposals, as tax experts try to predict what will happen after the election.

A congressional hearing with the Treasury secretary presaged a partisan battle over sweeping reductions set to expire at the end of next year.

A pair of lawmakers proposed a bill to end the abuse of grantor-retained annuity trusts to avoid taxes.

Financial advisors and tax experts say HOA fees are usually not deductible, unless the home is used for a business or as a rental property.

Plus, LeaseCrunch offers webinar on GASB 87, 96; and other accounting technology news.

Financial advisors and tax pros say the exemption poses a lot of complexity — and substantial savings. But it could go away at the end of next year.

The Creating Hospitality Economic Enhancement for Restaurants and Servers would provide a tax deduction for bars, restaurants and entertainment venues with draft beer systems.

The president's 2025 budget proposal aims to deliver more services, middle-class tax breaks and price controls funded through higher taxes on the wealthy and corporations.

President Joe Biden's budget proposal — which calls for sweeping tax increases on corporations and the wealthy — is the opening round of a looming tax fight.

Advisors must be attuned to the emotional factors at play, since no two clients have the same relationship with money.

President Joe Biden proposed tax increases on the wealthy and large corporations, along with some new tax credits, in his State of the Union address on Thursday night.

President Joe Biden will propose increasing the minimum rates paid by major corporations to 21% and eliminating breaks for companies with high-paid executives Thursday night.

An analysis by the Washington Post found the generative AI chatbots from both companies can give tragically wrong tax answers.