Tax Strategies

Democratic presidential candidate Bernie Sanders introduced legislation that would impose a tax on trades of all stocks, bonds and derivatives in the U.S., a move he says would help curb Wall Street speculation and help finance his campaign promise to provide tuition-free college and cut student debt.

The revenue procedure updates the depreciation deductions allowed for owners of passenger automobiles, trucks and vans placed in service in 2019.

A federal court in Texas is allowing the IRS to learn the identities of clients it suspects of structuring offshore entities to avoid U.S. taxes.

Small businesses across America are asking the same question: Am I operating in the correct entity to maximize tax savings?

A recent court decision on FBAR penalties could impact the tax reporting of the newest member of the British royal family.

The chances of an IRS audit for people making at least $10 million a year plunged during the government’s last fiscal year, according to data released on Monday.

The American Institute of CPAs has sent the Internal Revenue Service a set of recommendations on changing some of the parking rules for tax breaks for transportation fringe benefits, which the Tax Cuts and Jobs Act mostly eliminated.

Planning for the deduction can yield significant tax savings.

A decade ago, Angelo Mozilo was the face of the housing bust that preceded the financial crisis. Now the former chief executive officer of Countrywide Financial Corp. is predicting another drop, and for some homeowners it may be even worse.

The House Ways and Means Committee held a hearing Thursday to examine what's behind the estimated gap of approximately $460 billion between taxes owed and actually paid.