Tax planning

The 3.1 percent hike includes workers at the Internal Revenue Service.

The White House is developing a plan to cut taxes by indexing capital gains to inflation, according to people familiar with the matter, in a move that would largely benefit the wealthy and may be done in a way that bypasses Congress.

They’re an eclectic bunch — some of the nation’s most privileged heirs alongside entrepreneurs who have made spectacular fortunes in real estate, finance and Silicon Valley. But collectively they’re united on the need to tax more of the richest Americans’ assets.

Democratic presidential hopeful Bernie Sanders will propose canceling the nation’s outstanding $1.6 trillion of student debt and offsetting the cost with a tax on Wall Street transactions.

Both asset holders and practitioners have to educate themselves on the tax and recordkeeping rules around cryptocurrencies.

The American Institute of CPAs submitted more than 140 recommendations to the Internal Revenue Service regarding its 2019-20 Guidance Priority List.

A short list of pointers for when students put down the diploma and pick up the tax return.

Between federal, state and local rules, hosts need to be sure they’re in compliance.

The new attempt aims for more simplicity and privacy.

Now is the time to fill in the gaps in your clients' financial plans.