Tax Strategies

For many taxpayers — especially those with variable, limited or short-term tax capacity — credit transferability provides a practical and effective solution.

Governor Gavin Newsom is calling for a federal tax on billionaires after failing to stop a California wealth tax from reaching the November ballot.

Internal Revenue Service officials are working to increase compliance of tax-exempt groups as well as for-profit businesses with the help of whistleblowers.

For practitioners willing to learn the rules, Trump accounts are the best client acquisition and retention opportunity we've had in a decade.

Among other things, the IRS's preliminary AI guidelines call for firms to exercise due diligence on AI outputs and pass AI-related savings on to clients.

Tax amnesty programs; protecting your practice; unidentified tax payments; and other highlights from our favorite tax bloggers.

The group behind a proposed 5% wealth tax in California is pushing for a compromise with Governor Gavin Newsom by pitching a 2% levy instead.

Between now and July 6, companies have a narrow time limit to retroactively recover research and development tax deductions from up to the previous three years.

For years, tax firms have talked about moving beyond compliance and offering more strategic advice. Clients want that shift, too.