Tax planning

Most people have never heard of the alternative minimum tax, and those that have probably would love to forget about it and wish that it would just go away.

There are plenty of reasons to get married. Your taxes may not be one of them.

Although the tax positions of the two major candidates would face major hurdles before either one becomes law, interested observers have wasted no time in dissecting them, praising them or pointing out defects.

Democratic presidential nominee Hillary Clinton could have cut her 2015 federal tax bill roughly in half—lopping about $1.7 million from what she owed—under the plan offered by Republican rival Donald Trump.

Tim Kaine, Democratic nominee for vice president, said Saturday that Donald Trump won’t make public his tax returns because they may show the Republican presidential candidate hasn’t been the generous charitable giver he claims to be.

Donald Trump’s revamped tax plan stands in stark contrast to his rival Hillary Clinton’s plan, although many of the differences go back to the traditional split between the Republican and Democratic approaches to tax reform.

Donald Trump’s campaign is preparing to tweak one of his boldest tax proposals out of concern that it might lead some high-income earners to try “to scam the system,” one of the Republican presidential nominee’s economic advisers said.

For several decades, estate planners have been using entities such as family limited partnerships or family limited liability companies as an estate planning tool.

The Internal Revenue Service has issued a revenue procedure saying a charitable remainder annuity trust that includes a sample provision in its governing agreement won’t be subject to a test that could disqualify it.

When Donald Trump first rolled out his tax plan last October, it contained a major boon for the middle-class—a near quadrupling of the standard income-tax deduction, to $25,000 for individuals and $50,000 for couples filing jointly.