Tax planning

During the 2020 presidential campaign, Democratic candidates made many proposals for changes to the Tax Code, ranging from changes to the tax rates to the imposition of a new 5 percent excise tax and a national sales tax.

Wolters Kluwer Tax & Accounting and Thomson Reuters Checkpoint have released their predictions for the expected annual inflation adjustments from the Internal Revenue Service for various tax-related items.

As Nasdaq Inc. and the New York Stock Exchange consider abandoning their New Jersey data centers over a proposed financial transaction tax, they may not find their backup sites in Chicago guaranteed to be levy-free havens.

Companies that took advantage of federal pandemic-relief efforts like payroll tax deferrals will face bigger bills next year.

Wall Street firms may start facing pressure to pay out bonuses earlier than usual as their employees worry about the prospect of higher taxes under a Biden administration and Democrat-controlled Senate.

Levies on most households below the top income brackets would stay about the same as under Trump.

Effective tax management can add 1% percent to a portfolio annually, and potentially more in highly volatile years

Many of the current regulations would still remain valid.

Clients’ spouses may be hiding assets in any number of tax-related ways.

Tax Rep LLC has created a new CTRC designation for tax practitioners.