Tax Strategies

This provision of the Tax Cuts and Jobs Act ‘threw everything upside down,’ says one expert.

To help individuals and businesses prepare for filing season, Grant Thornton has released a collection of year-end tax tips.

U.S. lawmakers led by Senate Finance Committee Chairman Charles Grassley are negotiating a potential revival of expired tax breaks in last-minute negotiations over a government spending bill.

The Penn Wharton Budget Model says it would raise $2.3-$2.7T, not $3.75T

Once heralded as a novel way to help distressed parts of the U.S., opportunity zones are now being slammed as a government boondoggle.

Legislation that would provide big deductions for taxpayers with high state and local tax bills is gathering momentum in the House this week, but it’s headed into a brick wall in the Senate.

Plenty of tax deferral and impact investment runway is left even if clients miss the Dec. 31 deadline.

House Democrats are making a last-ditch bid to reverse the $10,000 cap on state and local tax deductions before year’s end. But they’ll likely need to renew their efforts in 2020 — or beyond — because the legislation has no chance of becoming law this year.

The Global Reporting Initiative has issued a new international tax reporting standard that aims to ensure multinational companies are much clearer about how much they pay in taxes, and where.

There are still several ways to minimize 2019 tax bills before the end of the year.