Tax strategies

The annual IRS announcement could affect certain clients seeking to avoid bumping up against higher rates when they file their federal income taxes.

CPAs' real pay; crypto data released; factoring receivables; and other highlights from our favorite tax bloggers.

Many are considering extra hiring to handle the upcoming mandates, according to KPMG.

The IRS's most recent study of how much taxpayers aren't paying suggests some important priorities going forward.

In spite of the lack of new tax legislation so far this year, taxpayers and tax preparers have plenty to focus on in preparing 2023 returns.

Gov. Pritzker's comments follow months of speculation over how Chicago Mayor Brandon Johnson plans to raise revenue to tackle the city's embattled finances.

A former IRS contractor admitted stealing information about the former president and thousands of wealthy Americans and leaking it to two news organizations.

Negotiators presented a legal text that sets out who can levy the profits of the world's biggest corporations in order to prevent a resurgence of trade tensions.

Significant tax and legal issues may be triggered with some types of estate planning arrangements.

Among the items now stalled are a measure to extend federal banking protections to marijuana companies operating in states where the drug is legal and negotiations to restore tax breaks for business spending on research and development.

An IRS consultant allegedly leaked confidential tax information on former President Donald Trump and billionaires to The New York Times and ProPublica.

The firm said its risk controls were inadequate and its board didn't challenge leadership enough, following a months-long independent inquiry into malpractice.

Whether seasoned or new, they need to understand the tax implications of their investments.

The tax-focused financial planning and wealth management company that partners with accounting firms is going private and joining a larger financial firm.

Five experts helped FP compile a big list of potential deductions and strategies surrounding retirement plans and business entity structures.

Tax professionals may be unaware of the potential benefits that can be gained by partnering with a wealth manager.

Distinct tax treatments have historically separated the ETF and mutual fund categories, with the former able to avoid capital-gains levies.

Acquaintances who want quick, off-the-cuff advice from an accountant about important financial decisions are doing themselves a disservice.