Tax Strategies

Uncertainty in Washington doesn't mean tax professionals can't offer clients guidance.

Handicapping which tax credits and other provisions will stay in the Build Back Better package.

The ability to deduct the full value of the stock and avoid capital gains taxes is lesser-known by rich investors and many advisors.

A survey from Intuit Accountants indicates that tax-related planning and advisory services bring in much more than compliance services.

Advocates say they'll continue pushing for the write-off, but it is not widely popular.

'Planning has been put on hold, because no one knows what the rules of the game are,' says one accounting firm partner.

For business use and medical purposes, they’re up by at least 2 cents.

A host of provisions will expire at the end of the year, and there's no telling whether they'll be renewed, says Wolters Kluwer's Mark Luscombe.

The pandemic-related tax provision permits more people to deduct donations to qualifying charities on their 2021 federal income tax return.

Five tips can help charities carry out effective fundraising programs.