Tax Strategies

Tim Kaine, Democratic nominee for vice president, said Saturday that Donald Trump won’t make public his tax returns because they may show the Republican presidential candidate hasn’t been the generous charitable giver he claims to be.

Donald Trump’s revamped tax plan stands in stark contrast to his rival Hillary Clinton’s plan, although many of the differences go back to the traditional split between the Republican and Democratic approaches to tax reform.

Donald Trump’s campaign is preparing to tweak one of his boldest tax proposals out of concern that it might lead some high-income earners to try “to scam the system,” one of the Republican presidential nominee’s economic advisers said.

For several decades, estate planners have been using entities such as family limited partnerships or family limited liability companies as an estate planning tool.

The Internal Revenue Service has issued a revenue procedure saying a charitable remainder annuity trust that includes a sample provision in its governing agreement won’t be subject to a test that could disqualify it.

When Donald Trump first rolled out his tax plan last October, it contained a major boon for the middle-class—a near quadrupling of the standard income-tax deduction, to $25,000 for individuals and $50,000 for couples filing jointly.

Donald Trump has cast himself as the establishment’s worst nightmare, but his new economic plan borrows heavily from the traditional Republican playbook in seeking to return the U.S. economy to the pre-crisis days of headier growth.

With the start of school just around the corner, taxpayers should be aware of the following tax breaks and deductions available for qualifying expenses, according to the audit defense service TaxAudit.com.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

John Napolitano of U.S. Wealth Management describes in this video some of the common mistakes made by CPAs who provide financial planning services for their clients.