Tax strategies

Expensify Card now offers cash back, and Corvee launches tax planning strategy deep dive webinar series.

The biggest set of U.S. tax increases in a generation took a major step forward on Wednesday.

The proposal to end the step-up in basis was already facing obstacles before it was left out of draft legislation.

The high inflation amounts that households and businesses have been experiencing this year are likely to lead to larger increases in tax brackets and other inflation-adjusted tax items in 2022.

House Democrats are considering a two-year repeal as one of their potential paths to undoing the $10,000 cap on the federal deduction for state and local taxes.

President Joe Biden’s push to ramp up taxes on the wealthy is getting diluted by his Democratic allies in Congress, undermining his chances of fully delivering on his 2020 campaign pledge to curb America’s widening inequality.

The bipartisan infrastructure bill includes requirements for brokers to report their customers’ cryptocurrency gains to the Internal Revenue Service, but exactly what constitutes a broker is stirring controversy.

The uber-rich are already using a trick to avoid paying the higher taxes proposed by Democrats, but it won’t work for the moderately.

Lawmakers are seeking to extend the recently expanded tax break through 2025, endorsing a key component of the president’s social safety net plan.

The Ways and Means Committee voted to approve 12 weeks of paid family leave and a mandate to enroll employees in retirement accounts.

Nonetheless, the party's congressional leaders are determined to forge ahead with the tax and spending plan.

Senate Democrats are discussing a wider range of tax proposals than President Joe Biden has proposed, including levies on stock buybacks, carbon emissions and executive compensation, as part of a package of measures to help fund a ramping up in social spending.

The service has issued Notice 2021-52 with special per diem rates that take effect Oct. 1, 2021.

Even professionals such as accountants and attorneys who may serve as trustees are unaware of the numerous risks that life insurance policies carry.

Many on Wall Street think they’ve found just the thing to hide from a tax hike.

Key legislators are at odds over how high to increase levies on investment gains.

As a tax accountant, it is your job to help your clients track their payments online and receive the money as soon as possible.

Will the giant tax incentive thrive as a tool to defer, minimize and eliminate capital gains tax?

Moderate and progressive Democrats are on a collision course over how to pay for the administration's economic agenda.

The lack of tax information from major platforms isn’t a technological limitation. It’s a design decision.