Tax planning

The economic package would raise $2.1 trillion in revenue through measures including tax increases on corporations and the wealthy.

The law professor who’s coordinated President Biden’s sweeping tax proposals is finding that many Democrats don’t share his zeal to soak the rich.

Democrat legislators are attempting to move forward with the next step needed to pass President Biden’s economic agenda.

The administration struggles to unite Dems behind a bill that can pass in the face of united Republican opposition.

Qualified small business stock may lose a lot of its value if congressional proposals go through.

From musicians and actors to athletes and film crew, local tax laws create complexity.

The fate of President Joe Biden’s economic agenda rests largely on Speaker Nancy Pelosi navigating deep Democratic rifts and the minefield of promises she’s made to keep the party’s moderate and progressive wings moving toward her goal.

President Biden plans to urge Democrats to unite, focusing on the struggles of middle class families.

Expensify Card now offers cash back, and Corvee launches tax planning strategy deep dive webinar series.

The biggest set of U.S. tax increases in a generation took a major step forward on Wednesday.

The proposal to end the step-up in basis was already facing obstacles before it was left out of draft legislation.

The high inflation amounts that households and businesses have been experiencing this year are likely to lead to larger increases in tax brackets and other inflation-adjusted tax items in 2022.

House Democrats are considering a two-year repeal as one of their potential paths to undoing the $10,000 cap on the federal deduction for state and local taxes.

President Joe Biden’s push to ramp up taxes on the wealthy is getting diluted by his Democratic allies in Congress, undermining his chances of fully delivering on his 2020 campaign pledge to curb America’s widening inequality.

The bipartisan infrastructure bill includes requirements for brokers to report their customers’ cryptocurrency gains to the Internal Revenue Service, but exactly what constitutes a broker is stirring controversy.

Lawmakers are seeking to extend the recently expanded tax break through 2025, endorsing a key component of the president’s social safety net plan.

The Ways and Means Committee voted to approve 12 weeks of paid family leave and a mandate to enroll employees in retirement accounts.

Nonetheless, the party's congressional leaders are determined to forge ahead with the tax and spending plan.

Senate Democrats are discussing a wider range of tax proposals than President Joe Biden has proposed, including levies on stock buybacks, carbon emissions and executive compensation, as part of a package of measures to help fund a ramping up in social spending.

Even professionals such as accountants and attorneys who may serve as trustees are unaware of the numerous risks that life insurance policies carry.