Tax planning

Every year, millions of taxpayers miss out on chances to lower their tax bills. They miss deductions or don’t exploit tax breaks designed to lower the costs of education, retirement, and health care.

Congressional Republicans have narrowed the estate tax so much that it affects only about 5,500 wealthy American households a year. Now they want to eliminate the tax altogether—with a bonus for heirs.

April is Financial Literacy Month and Fred Slater, CPA, and Ellen Minkow, CPA, of MS 1040 LLC in New York City are offering some special tax advice.

Even though tax season is getting close to the end, there are still some important tips that accountants can share with their clients by April 15, and beyond.

The 99-year-old U.S. estate tax would disappear under a bill approved Wednesday by the House Ways and Means Committee.

Small and midsize accounting practices are generally optimistic about growth this year, particularly in the area of advisory and tax services, according to a new global survey.

The consumer finance site WalletHub has produced an analysis of 2015’s Best States to Be Rich or Poor from a Tax Perspective.

Our weekly roundup of tax-related investment strategies and news your clients may be reading about in the financial media.

Check out the digital edition of the March 2015 issue of Accounting Today.

Tax reform, if it happens in the next two years, will occur in incremental steps rather than as a comprehensive package.

The most popular way Americans will use their tax refunds is to pay down their debt, according to a new survey.

The Internal Revenue Service has issued a notice in anticipation of the ABLE tax-free savings accounts that disabled Americans will soon have the ability to set up to cover expenses such as education, housing and transportation.

There are pieces in the budget that may form key elements of negotiations between Congress and the White House

Now is the time to take your clients to the next level

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

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

The U.S. House of Representatives voted to loosen restrictions on tax incentives for education savings, expanding a program that President Barack Obama wanted to limit.

When was the last time you saw an auditorium, full of experts, get truly excited about tax theory?

Tonya Keith typically spends four to eight hours doing her taxes each year. This year, she says, “I’ve got about 30 hours in, and I’m not done.” The reason: She and her wife got married last year in Seattle, but they live in Georgia, which doesn’t recognize their marriage.

The House Ways and Means Committee voted to expand college savings tax incentives that President Barack Obama proposed limiting earlier this year.