Tax planning

As people begin to amass wealth, the clarity and simplicity of their financial lives can quickly diminish.

The Internal Revenue Service has seen a surge in recent years of taxpayers underpaying their estimated taxes and paying the penalty for it.

Senior finance professionals want to lower the corporate tax rate, capital gains taxes, and taxes on foreign income, while instituting a carbon emissions tax, according to a survey by the Institute of Management Accountants.

Atlas Tax Advisors is partnering with accounting firms on providing tax planning and wealth management services for clients.

The reductions might not do all that much to help the economy in 2018.

EY has combined its Tax Performance Advisory and Tax Technology and Data Analytics Services teams to create a Tax Technology and Transformation group across the globe.

The White House is reaching back to a past administration for a strategy to get tax reform passed.

Republicans struggling to pass a major tax overhaul that doesn’t add to the federal deficit are discussing a kind of compromise: mixing permanent revisions with temporary rate cuts for individuals and businesses.

Representative Ted Yoho had hoped to spend the August recess in his North Florida district making the case for a tax overhaul. Instead, the third-term Republican said he doesn’t know what to say when his constituents ask what the revamp will mean for them.

A top income-tax rate of 44 percent for Americans earning more than $5 million per year isn’t under consideration, a White House official said Monday, knocking down a proposal said to be backed by top Trump adviser Steve Bannon.

Yes, advisers can invest these funds in nontraditional assets, but you must understand the risks before giving clients the OK.

Republican leaders in Congress and the Trump administration released a joint statement Thursday on their progress on tax reform ahead of Congress’s August recess and the broad principles they plan to follow.

White House chief strategist Steve Bannon’s plan to raise the top income-tax rate for America’s highest earners could find some support among congressional Republicans as part of a populist message to sell a broader tax overhaul, according to one conservative lawmaker who has heard the proposal.

Congressional leaders and Trump administration officials have been meeting in secret to try to reach a united front for rewriting the U.S. tax code.

The Senate bill reduces the deficit by $420 billion, the CBO said, compared with the $321 billion in deficit reduction in an earlier version, giving Republican leaders additional money they can use to court holdout votes. Much of the increased funding comes from a decision to no longer cut taxes on the wealthy.

A properly designed and implemented construction tax planning analysis will proactively identify tax savings related to new and planned construction projects.

Senate Republicans dropped efforts to eliminate three Obamacare taxes on the wealthy in their latest health-care bill—but the party may revive that push in a tax-overhaul plan later this year.

The president's plan would mostly benefit the highest-income taxpayers, according to the Tax Policy Center.

We favor Americans adopting American children from foster care when feasible, but current U.S. tax law benefits domestic and foreign adoptions.

Senate Republican leaders dropped provisions that would repeal two taxes on high earners in a revised draft of their health-care bill sent to the Congressional Budget Office, according to GOP senators.