Tax

Billionaire Donald Trump, who built his fortune in real estate, told Bloomberg Politics this week that he wants to raise his own taxes. One way to do it is a bipartisan proposal that would blow up one of the real estate industry's favorite tax breaks.

The Senate Appropriations Committee is proposing to increase the length of the Schedule EIC for claiming the Earned Income Tax Credit, requiring taxpayers to include much the same information on self-prepared returns that paid tax preparers are required to ask them on the EITC due diligence checklist.

Essential tips to plan for and recover from disasters

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

If you have discussed the idea of setting up a family limited partnership with any of your clients in the past, now might be a good time to revisit the subject.

11 things you and your clients will want to start thinking about for next tax season

The Internal Revenue Service published statistics and reports Wednesday analyzing trends in 2012 and 2013 tax returns.

Twenty-six percent of employers offering health benefits could be subject to the Affordable Care Act’s tax on high-cost health plans, also known as the “Cadillac plan” tax, in 2018 unless they make changes to their plans, according to a new analysis.

The owner of Mystic Pizza, the Connecticut pizzeria made famous by the 1988 Julia Roberts movie of the same name, has been sentenced to over a year in prison on charges of tax evasion and structuring cash transactions.

Tax prep software vendors on what's coming up, from the threat of DIY to the promise of the cloud