Tax

Vermont Senator Bernie Sanders and his wife earned $205,271 in adjusted gross income in 2014 and paid $27,653 in taxes—an effective rate of about 13.5 percent, according to documents released Friday.

President Barack Obama and his wife, Michelle, reported adjusted gross income of $436,065 for 2015, down 8.7 percent from the previous year, according to tax returns released Friday by the White House.

A roundup of some of our favorite recent tax fraud cases.

Highlights of some of our favorite tax-related blogs from the past week.

Many CPAs are involved with estate planning and need to determine the assets and liabilities of a client.

Most people think of April as income-tax month for individuals, but it’s also the biggest business tax-filing month of the year. Why? Because four out of every five U.S. businesses are “pass-throughs,” meaning they are taxed on individual returns at individual rates.

Why would anyone spend $24 million to buy a 1 percent stake in the New York Yankees? Minority ownership seems like a lose-lose proposition: A lot of money for very little power. For wealthy sports fans, though, it’s cool—and can be one heck of a tax shelter.

It's impossible to imagine the IRS ever changing its image. Or is it? Three leading global design and brand strategy firms give it a try.

At the post office in Lawrence, Kansas, filing your taxes used to be an excuse to party.

As the days tick down until the end of tax season, some clients need some gentle urging to get their taxes done, or at least to file for a six-month extension.