Tax planning

Tax preparers and their clients should be paying attention to these changes for next tax season.

The protocols represent the first updates to U.S. tax treaties in nearly a decade.

The move would slash the tax payable on any asset that’s appreciated in value over a lengthy period of time.

While there are many ways to hit a home run with OZ investments, there are also plenty of ways to strikeout.

Most CPAs are familiar with the tax benefit of using an IC-DISC, but many do not realize the additional benefit that can be generated by a different method of calculation.

Ten issues taxpayers and their advisors should be paying attention to right now.

Democratic presidential contenders divided sharply on Tuesday over whether middle-class taxes would have to increase to pay for a government-run health care system known as “Medicare for All.”

The proposal positions the Democratic presidential candidate between rivals Bernie Sanders and Joe Biden on a contentious issue.

The rules set by the Economic Development Commission in St. Thomas allow some businesses to lower their exposure to taxes by up to 90 percent.

Even as the profession as a whole is changing, Grant Thornton national managing partner of tax services Jamie Fowler shares how tax professionals need to prepare themselves to thrive in a new environment.