Tax Strategies

For years, you’ve been hearing that you should include financial services among your tax or accounting practice’s service offerings.

Social media sites Facebook and LinkedIn are enjoying massive tax breaks on stock options, according to recent reports.

Accounting firm ParenteBeard has launched a Small Business Tax Toolkit offering online advice to small business owners who are looking for guidance on their taxes.

Last year, about $450 million belonging to top executives at billionaire hedge fund manager John Paulson’s New York firm took a quick round trip to Bermuda.

In my consulting activity the last few months of 2012, I saw the emerging symptoms of a new disorder in many family business owners: Post-Traumatic Gift Disorder, or PTGD.

President Obama appealed to Congress to balance tax reforms with spending cuts to avoid the painful automatic cuts imposed by the budget sequester deal.

Members of Congress have re-introduced legislation aimed at pressuring online Web sites to charge sales taxes to out-of-state customers, combining three competing bills that were introduced in the previous congressional term.

Representatives of various charities and nonprofits presented a case for preserving charitable deductions in the Tax Code in a hearing before the House Ways and Means Committee, arguing that imposing a cap on such deductions would cause many of them to cut back services at a time of critical demand.

Accounting and advisory firm Marcum LLP has introduced an interactive online map that tracks the status of same-sex marriage in each of the 50 U.S. states and how such unions are treated for tax purposes.

U.S. Tax Court Judge Elizabeth Paris handed the taxpayers a victory last Thursday involving a powerful estate tax planning tool: private annuities.