Tax strategies

The IRS has blessed at least one approach to getting around the TCJA limitation — the entity-level tax.

A Treasury Department spokesperson gave an answer that provides clarity for advisors with affluent clients.

The plan offers the clearest picture yet of the higher levies that companies could be paying from next year.

The House Speaker and a group of centrist Democrats will resume talks after hours of negotiations failed to break a stalemate late Monday.

The $1 million threshold at which the 23.8% capital gains rate would nearly double has sparked questions — and a strategy for some well-paid professionals.

Experts and leading practitioners are looking at ways to mitigate the possible affect of the legislation from a tax perspective.

The Biden administration’s tax proposals could have a negative impact on real estate investing.

The Internal Revenue Service is giving employers more leeway in claiming the Work Opportunity Tax Credit to hire people in underprivileged areas who face significant obstacles to employment for jobs in summer youth and community programs.

What's the best way to package and price the value practitioners added in 2021?

Clients can begin planning now for potentially higher tax rates.

What are some things your clients need to be aware of when considering transferring a business entity’s charter to a different state?

Most advisors don’t know about the tax benefit for qualified small business stock, which can put millions of dollars tax-free into an entrepreneur-client’s bank account.

Although the upper house is moving forward on the infrastructure legislation, agreement on a last batch of amendments was elusive.

Broad oversight for virtual currencies remains a part of the infrastructure bill currently in the Senate.

Knowing which specific perks count as income can make all the difference to a company — and its employees.

The booming market for nonfungible tokens is showing no signs of slowing down as investors pour money into digital collectibles, but the tax rules surrounding NFTs are anything but clear.

Among the unresolved issues is how to modify a provision dealing with reporting requirements for cryptocurrency transactions.

Wyden’s proposed legislation would require them to pay tax annually on unrealized gains.

Two senior Democrats are proposing a bill that would go further than President Joe Biden’s plan and potentially raise quadruple the revenue.

Senators Ron Wyden and Pat Toomey are drafting a proposal to overhaul a cryptocurrency provision in the $550 billion bipartisan infrastructure bill that traders and investors have criticized as being overly broad and impractical.