Tax Strategies

Small business owners who got Paycheck Protection Program loans could qualify for big write-offs from their rescue money, amounting to what Treasury Secretary Steven Mnuchin has called a tax-break “double dip.”

The holiday season reminds us to savor time with family and friends, because with the new year, the tax season jumpstarts.

The House and Senate are set to vote Monday on $900 billion in pandemic relief aimed at boosting the U.S. economy into the early spring, combined with $1.4 trillion to fund regular government operations for the rest of the fiscal year.

Among other things, an evenly divided Senate represents a significant hurdle.

What Congress, clients and others did this year, and how it will impact next year.

The Internal Revenue Service is beefing up its controls to safeguard against improper self-employed retirement deductions, according to a new report.

Here are some obvious and not-so-obvious year-end tax tips to consider as we prepare ourselves and our clients for the new year.

The twin dynamics of expiring relief and a transition to a new presidential administration are making the end of 2020 a turbo-charged version of the usual rush to lock in tax reductions.

The new rules clarify deduction issues impacted by the Tax Cuts and Jobs Act.

Wolters Kluwer’s Mark Luscombe rounds up a host of items practitioners may want to address soon.