Tax planning

Clients could end up having to pay back the money next filing season.

The White House reiterated its opposition to indexing the gasoline tax to inflation to help pay for an infrastructure plan.

The Treasury secretary suggested that if Congress were to pass a capital-gains tax hike effective starting in April 2021, that wouldn’t count as a retroactive increase.

Everlance launches a business reimbursement solution, Corvee debuts a tax planning webinar series, and SignEasy integrates e-signatures with Google Sheets.

Representative Tom Suozzi, one of the leaders in Congress behind the push for an expansion of the state and local tax deduction, is considering proposing a one-time wealth tax on the richest Americans.

The debate over how to pay for the nation’s roads, bridges and transit systems is leading some normally anti-tax Republicans to embrace higher levies on motorists.

The proposal calls for $579 billion in net new spending beyond outlays that Congress was already expected to enact.

Republican and Democratic senators said they’re open to considering the first change in the national gasoline tax since 1993 to help fund a bipartisan infrastructure spending package.

The proposed changes are worrying investors and their tax advisors, especially the possibility of making them retroactive.

An in-depth look at the Biden administration's tax plans for the next year.

Even with a 15-year window to pay taxes, a near-doubling of the capital gains rate and the elimination of the step-up in basis loophole will make a sale expensive.

Financial planning clients need to start preparing for potential legislative upheavals now.

"Inheritors are going to get killed" under the White House’s proposal to put the brakes on tax-free intergenerational transfers of wealth.

The administration is looking for big money from a higher corporate tax rate and better IRS enforcement.

Richard Neal, the chair of the House Ways and Means Committee, will be a key player in the coming tax debates.

Uncertainty around coming tax changes and the coronavirus pandemic are making it harder for tax pros to plan.

For accountants and tax professionals working with clients age 50 and older, there are certain tax perks to recommend that could help boost savings for the future.

President Joe Biden’s pick to lead the Treasury Department’s tax policy efforts pledged to work with lawmakers on a bipartisan basis and be a strong advocate for the Internal Revenue Service.

Even as they look to ramp up acquisitions, funds are worried about the potential impact of these much-discussed taxes.

Plans sold through brokers cost nearly three times as much as those sold directly; time-stressed parents can find it's worth it.