Tax planning

The Treasury Secretary-designate said she would work with lawmakers to fast-track a series of tax increases on corporations and wealthy Americans.

Sen. Ron Wyden, D-Oregon, who is chairing the Senate Finance Committee now that Democrats have won control of the Senate, described some of his policy priorities, including the tax area where his committee has oversight.

With the filing season upon us, a raft of brand new challenges await ahead of the April 15 deadline.

The Internal Revenue Service sent a set of recommendations to Congress for how it plans to carry out the far-reaching set of reforms.

President-elect Joe Biden’s plan to pass a multitrillion-dollar economic stimulus package early in his administration faces challenges in a closely divided U.S. Senate, with a potential impeachment trial for Donald Trump that could add to delays.

The Internal Revenue Service is increasing many of the fees for requests for private letter rulings by 26.7 percent, starting Feb. 4.

Given the size and number of tax changes proposed by the Biden administration, it’s no wonder advisors face challenges in helping clients prepare for the year ahead.

This notice and the expected regulations to follow could add to the movement to repeal or modify the cap.

This collection brings together the best advice from a host of experts for tax pros to share with their clients before the end of the year.

Even with just a few days remaining in 2020, a trustee can still employ tax-saving strategies.