Tax planning

Minimizing self-employment taxes to owners of pass-through entities

Chuck McCabe, president of Peoples Income Tax and The Income Tax School, has some suggestions for independent preparers to stay on the “cutting edge” during the summer.

Thomson Reuters has released the fourth edition of its treatise, "Tax Planning for Highly Compensated Individuals," by Robert E. Madden on the Thomson Reuters Checkpoint service.

The Tax Court recently ruled against the IRS over what constitutes a “present interest” in a Crummey trust.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

Yahoo! Inc. is pushing ahead with plans to spin off its stake in Alibaba Group Holding Ltd. after comments by the IRS triggered a share slump amid concerns the deal could hit a snag.

In 2013, property taxes on real and personal property owned or leased by businesses accounted for the largest share of total state and local business taxes in the U.S.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

Members of U2 defended the Irish rock band’s tax strategy as the band kicked off its world tour.

Popular at times in the past, but perhaps out of favor more recently, QPRTs (Qualified Personal Residence Trusts) may be an idea whose time has returned.

One of the Democratic Party’s favorite applause lines is getting another turn in the spotlight: hit hedge-fund millionaires with the same taxes as the working class.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

Ideas for tax reform abound, though the prospects are not as bright as they once were.

The National Football League’s central office will become a taxable entity, ending its tax-exempt status in a move with minimal financial effect and significant symbolic value.

Chicago plastics manufacturer Stefan Edlis faced more than $20 million in U.S. capital gains taxes by selling his Andy Warhol painting to billionaire Steven A. Cohen eight years ago.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

Tax issues surrounding marijuana

The IRS is holding up its end of the chore of filing implications created by the ACA, according to Commissioner John Koskinen’s tax day testimony before a Senate committee.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

The U.S. House voted to repeal the 99-year-old U.S. estate tax amid a partisan clash over whether the government should break up concentrated wealth or make it easier to pass along assets to the next generation.