Tax Strategies

The General Services Administration is now coming under scrutiny for offering government contractors a tax deduction in exchange for giving the agency 19 percent of the money from the tax break.

The Tax Code has contributed to rising income inequality in recent decades as middle- and lower-income Americans have seen their incomes stagnate while the wealthiest have experienced staggering income growth, according to a new report.

The upcoming expiration of the Bush-era tax rates at the end of the year is already starting to produce its share of anxiety along with outsize forecasts of financial disruption.

Columnists Jones and Luscombe on 2012 tax planning

BNA Software, a Bloomberg BNA business, has launched BNA Income Tax Planner Web, an online version of the company’s income tax software that provides several new features and lower maintenance costs.

Julie and Brett Redden are in a hurry for the paperwork to go through for the six-year-old girl they are planning to adopt from China.

It’s been awhile since serious consideration has been given to estate tax reform, but with the Jan. 1, 2013 deadline looming, more people are offering their views on the subject.

The Senate Finance Committee held a hearing Monday on tax reform and its impact on state and local tax and fiscal policy.

It’s been said that you can’t tell the players without a scorecard. Where I need a scorecard is to figure out which tax provisions expired at the end of 2011, and those slated to give up the ghost at the end of 2012. Luckily, the Joint Economic Committee has a Web site that lists all of the expiring provisions of recent memory, together with the dates they expired or will expire.

The House has approved Republican-backed legislation to provide a tax cut of up to 20 percent for one year to companies with fewer than 500 employees.