Tax

The One Big Beautiful Bill Act will boost the number of filers who must calculate their AMT. But that doesn't mean they're all going to have to pay it.

Tax advisors can play a significant role in alerting clients to the availability of various options and strategies for an unneeded life insurance death benefit.

Influential conservative groups with deep pockets are pushing Republicans to demand steep concessions from Democrats in exchange for extending health care subsidies.

Starting next year, more households will need to calculate or pay the AMT. The rules are complicated. Here's how financial advisors can prepare themselves — and clients — for the changes.

Gary Shapley and Joseph Ziegler reached settlements with the IRS and the Justice Department, and their lawsuit against Biden's attorney was dismissed by a judge.

Video game developers are benefiting from research and development tax credits and recent changes in the rules for deducting R&D expenses.

Tax returns released by his campaign show he made over $4.2 million in capital gains and took a $4.8 million deduction, paying taxes on $5.9 million in income.

The expiration of premium tax credits for health insurance could lead to hundreds of thousands of job losses and billions in reductions to state revenues.

Brandon Johnson wants to close nearly half of next year's $1.19 billion deficit with new or higher taxes on large corporations, big tech companies and the rich.

Some kind of increase seems on the cards as the Empire State braces for billions in federal cuts to health and food aid.

The Trump administration's tax bill has created the opportunity to deduct domestic R&E expenses

Accountants who advise private equity clients will want to be aware of what these mean for private equity sponsors and their portfolio companies.

A review of over 800 calls found that the overwhelming majority of phone interactions with Internal Revenue Service reps were courteous and professional.

Prosecutors agreed to dismiss the indictment against Ver, who admitted that he failed to pay all the taxes that he owed to the IRS on the sale of Bitcoin after he renounced his U.S. citizenship.

The giant automaker is taking a hit as the market for electric vehicles is reshaped by the Trump administration's removal of tax credits and other incentives.

Shutdowns and tax obligations; 529 money and the CPA exam; gig questions; and other highlights from our favorite tax bloggers.

Despite the government shutdown, the IRS is reminding taxpayers and tax professionals that 2024 tax returns that were put on extension are still due.

Taxpayer Advocate Erin Collins warns about the potential downsides for some taxpayers of the IRS moving entirely to electronic payments.