Tax

The optional standard mileage rate for automobiles driven for business will increase 3 cents next year.

Expatriate advocacy groups are applauding legislation introduced this week that would implement a residence-based taxation system for U.S. citizens living overseas.

The IRS declined to commit to expanding its Direct File free tax preparation program nationwide in response to a report from the GAO amid GOP opposition.

The asset sales carry complexity requiring careful thought and expert advice, but they could prove beneficial to some wirehouse breakaways or RIA succession plans.

Next year is set to become one of the most significant in modern history when it comes to shaping the tax and financial planning environment.

The spending plan comes after contentious talks between the administration and aldermen over how to close a nearly $1 billion deficit with higher taxes or cuts.

The IRS and its partners shared a half-dozen ways to safeguard your firm and your clients during National Tax Security Awareness Week.

Tax pros don't expect big changes for the coming filing season — but they're already worrying about the one after that

Consider this host of strategies to help clients keep more of what they earn.

Crypto's future; sobering CTC; inside and outside; and other highlights from our favorite tax bloggers.