Tax Strategies

A municipal bond investor doesn’t think the president and the Republican-led Congress will do away with the incentive given to buyers of state and local government debt.

As lawmakers in Congress mull the real possibility of a tax overhaul, various proposals are being debated before legislation is introduced.

Democrats on the tax-writing House Ways and Means Committee are objecting to a resolution from House Republicans to repeal recently finalized Treasury Department rules that would discourage corporate tax inversions.

Even though the Internal Revenue Service approves 94 percent of the 501(c)(3) applications it receives through the simplified Form 1023-EZ, approximately a quarter of them do not pass the test.

Increasing levels of passive investment in companies could be encouraging them to pursue tax shelters.

There are ways around having to pay as much as a 50 percent penalty. Plus, inheriting Roth IRAs and more efficient retirement portfolios.

Moving investments into these accounts may optimize returns and boost savings. Plus, know your IRAs and the impact of Trump's proposals on income brackets.

There are a number of reasons taxpayers hire professionals to file their taxes – and one of the best is to prevent them from trying to claim truly ridiculous things in their filings.

Some tax deductions and credits may be traded for lower overall rates in the reform plans of the Trump administration and the Republic congressional leadership, so taxpayers may want to make the most of them now.

Some deductions and credits may be traded for lower overall rates in the Trump administration’s reform plans, so tax preparers may want to make sure their clients make the most of them now.