Estate taxes

The American Institute of CPAs has sent a list of six tax regulations to Treasury Secretary Steven Mnuchin that it wants the Treasury Department to review under an executive order from President Trump calling for reducing overly burdensome tax regulations.

Deduction alternatives; the death of Medicare tax; a phony Social Security number; other highlights from our favorite tax bloggers.

Deductions for state and local taxes; ‘stealing from the dead;’ how to do away with refundable credits; and other highlights from our favorite tax bloggers.

Many of the president's "core principles" were similar to promises he made on the campaign trail, including a reduction to 15% in the rate for businesses.

Taking a cue from the failed Repeal and Replace healthcare process, the Trump administration Wednesday released a broad outline of its tax reform plan, with many details to be spelled out in legislative form during negotiations with Congress.

The White House made its opening bid for what officials called the “biggest tax cut” in U.S. history—with cuts that would benefit businesses, the middle class and certain high-earning individuals—but left unanswered questions about whether the plan would be paid for, or how.

Tax breaks for the profitable; how long to keep tax docs; unenrolled preparers; analytical procedures for auditors; other highlights from our favorite tax bloggers.

The future of the estate tax; tax prep in the gig economy; and other highlights from our favorite tax bloggers.

ACA penalties; helping with OICs; tax policy under an anti-policy president; and other highlights from our favorite tax bloggers.

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

The U.S. Tax Court began holding hearings this week on a long-running case involving the Internal Revenue Service and pop star Michael Jackson’s estate.

There's more than enough work to keep them busy, accountants and advisors say.

The Internal Revenue Service has issued a notice outlining special procedures for handling the estates of same-sex couples.

Notice says account transcript that includes a transaction code of “421” and the explanation “Closed examination of tax return” can serve as the functional equivalent of an estate tax closing letter.

How clients can take advantage of this approach to managing their wealth after death, even if President-elect Trump enacts his proposed reforms. Plus, juicy deductions that come with owning a car and a smart portfolio trick to consider after this year's monster bull market.

Congressional Democrats say they’ll try to thwart Republican plans to overhaul the U.S. tax code by portraying them as a boon for the rich that betrays President-elect Donald Trump’s campaign promise to fight for working Americans.

Tax professionals can make use of some tried and true tax strategies, but only for next tax season.