Tax planning

President Joe Biden’s plan to tax unrealized capital gains ran into opposition from key Democratic Senator Joe Manchin, likely dooming it just hours after it was sent to Congress.

Tax proposals in the Biden administration’s budget include plans to raise the corporate tax rate to 28% and to tax the unrealized capital gains of “extremely wealthy” individuals.

President Joe Biden made a fresh effort on Monday to persuade Congress to take steps to overhaul the tax code and squeeze more revenue from the largest companies and the wealthiest households.

The administration is calling for more than $2.5 trillion in tax hikes on wealthy and large corporations over a decade.

The request will show a $1 trillion reduction in deficit spending over the coming decade, generated in part by a new tax targeting billionaires.

The bull market has made many wealthy clients overweight in single stocks. Here’s what they can do to diversify their retirement nest eggs and cut taxes.

An omnibus spending bill released by congressional appropriators would reduce a budget increase for the Internal Revenue Service previously passed by the House by over half.

With more states allowing gaming, more taxpayers need to be aware of the tax rules around winnings.

The American Rescue Plan created some major changes to the dependent care tax breaks for 2021, and they will likely save your clients a considerable amount of money. Here’s a quick refresher.

Even though many of the legislation’s original elements, like providing free community college education, were removed, it’s still full of tax provisions.

Senator Joe Manchin threw more cold water on the president's spending plans after inflation spiked to a 7.5% in January, the highest rate in four decades.

These will offer tremendous tax-saving opportunities in the year ahead, but many people don’t take full advantage of them.

Here are some questions to consider while working on tax returns for your business clients with growth strategies.

The House speaker cast doubt on a drive by progressive Democrats to get some version of President Biden’s agenda through Congress by March 1.

The president's attempt to salvage his economic agenda has revived battles within his party over the same proposals that have bedeviled the plan for months.

The company uses natural language processing and human-assisted AI, along with partnerships with financial institutions, to streamline the tax preparation process and more closely align it with financial wellness.

Progressive Democrats are increasingly resigned to a far narrower version of the economic, tax and social spending agenda they had hoped to pass.