Tax strategies

President Joe Biden made a fresh effort on Monday to persuade Congress to take steps to overhaul the tax code and squeeze more revenue from the largest companies and the wealthiest households.

The administration is calling for more than $2.5 trillion in tax hikes on wealthy and large corporations over a decade.

The request will show a $1 trillion reduction in deficit spending over the coming decade, generated in part by a new tax targeting billionaires.

The bull market has made many wealthy clients overweight in single stocks. Here’s what they can do to diversify their retirement nest eggs and cut taxes.

Finance Committee chair Ron Wyden is developing policies that could remove some tax benefits available to Russian and Belarusian individuals and entities that earn income from the U.S.

An omnibus spending bill released by congressional appropriators would reduce a budget increase for the Internal Revenue Service previously passed by the House by over half.

With more states allowing gaming, more taxpayers need to be aware of the tax rules around winnings.

The American Rescue Plan created some major changes to the dependent care tax breaks for 2021, and they will likely save your clients a considerable amount of money. Here’s a quick refresher.

A new bill would end the tax-exempt status for new sales of municipal bonds that finance professional sports stadiums.

Even though many of the legislation’s original elements, like providing free community college education, were removed, it’s still full of tax provisions.

Senator Joe Manchin threw more cold water on the president's spending plans after inflation spiked to a 7.5% in January, the highest rate in four decades.

These will offer tremendous tax-saving opportunities in the year ahead, but many people don’t take full advantage of them.

Here are some questions to consider while working on tax returns for your business clients with growth strategies.

The House speaker cast doubt on a drive by progressive Democrats to get some version of President Biden’s agenda through Congress by March 1.

There may be a silver lining for crypto investors selling at huge losses during the recent market turmoil.

The president's attempt to salvage his economic agenda has revived battles within his party over the same proposals that have bedeviled the plan for months.

The “resident investor” incentive lures wealthy individuals with the promise of legally skirting U.S. income tax.