Tax planning

Johnson Controls Inc., already exiting the auto-industry’s supply chain after decades as a key player, is now seeking to shed its U.S. corporate citizenship in a multibillion-dollar tie-up with Tyco International Plc.

Tax reform is on the horizon, but the horizon likely extends beyond 2016, according to Marc Gerson, tax partner at Miller & Chevalier and former majority tax counsel to the House Ways and Means Committee.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

Clients often think that because their passion automatically equals a business -- but tax authorities are sticklers for precise terminology.

With tax season set to start on January 19, there are a number of important tax changes that taxpayers and preparers should be aware of to help make the filing process as smooth as possible.

Democratic presidential candidate Hillary Clinton’s call Tuesday to increase taxes on the wealthy and close “loopholes” didn’t address the candidate’s own moves to shield at least part of the value of her New York home from the estate tax.

The three lucky winners of the record-breaking $1.6 billion Powerball jackpot will need some help with their taxes this year, next year, and probably the years to come.

President Obama proposed to expand tax cuts for low-income workers who don’t have children during his State of the Union address.

Billionaire John Paulson’s New York hedge fund firm has shut an operation in Bermuda that had been targeted by a Democratic lawmaker as a tax shelter.

Democratic presidential candidate Hillary Clinton on Monday tweaked opponent Bernie Sanders for not yet releasing his tax proposals, adding yet another issue to her list of policy complaints about the Vermont senator who is rapidly gaining on her in many polls.