Tax

David Knoch, the president of 1st Global, is getting ready for the close of the acquisition of his financial advisory firm by Blucora, the parent company of HD Vest, and is making plans for aligning with a former rival.

Remember back in early 2016 when Donald Trump, who was still regarded as something of a long shot for the presidency, promised he would disclose his tax returns publicly — just like every other candidate had done voluntarily since 1973?

The Massachusetts Democrat submitted a formal request to the IRS commissioner asking for copies of Trump’s returns going back to 2013.

House Democrats are looking to find a compromise solution to the Republican tax law’s cap on the amount of state and local levies that can be written off a federal return, a limit they say has caused their constituents to lose out on billions of dollars of deductions.

The program offers qualifying taxpayers who have capital gains income a highly flexible way to defer and eliminate a portion of the federal gain and possibly state gain.

The Internal Revenue Service released a revenue procedure Wednesday offering guidance on the use of tax-exempt bonds to provide housing for military veterans, farm workers and other groups.

QBI; rental pitfalls; the letdown of the TCJA; and other highlights from our favorite tax bloggers.

The IRS is offering extended deadlines and penalty abatement for some taxpayers.

The top Democrat on the Senate Finance Committee, Ron Wyden, is reviving a plan that would tax wealthy individuals annually on their investments, instead of when those assets are sold.

The far-reaching bipartisan legislation would overhaul key facets of the way the Internal Revenue Service operates, including the appeals process.