Tax planning

The Tax Cuts and Jobs Act that Congress passed last December is likely to produce some winners and losers when taxpayers file their returns next tax season.

LG Chairman Koo Kwang-mo would be a billionaire in most countries.

Every year I speak with CPAs who bemoan the chaos and rush to file taxes for many of their business clients.

The guide provides advice to taxpayers and tax professionals about how to handle the Tax Cuts and Jobs Act next tax season.

The new guide can help taxpayers and tax professionals in the wake of the Tax Cuts and Jobs Act.

This year, some estranged spouses have a more powerful incentive than ever to call a truce.

Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.

Whether you’re at a Big Four firm, a regional firm or a sole practitioner, you have the potential to be a rainmaker.

Have you discovered the latest and greatest tax planning strategy? Before suggesting it to clients, consider the ever-persistent loophole cycle.

The vision is the same for how the agency hopes to interact with taxpayers, but the name is going away.

More and more consumers today are looking for one firm to manage both their tax and financial planning, which is why a growing number of CPAs are bringing financial advice in-house.

If you want to see what's coming in tax, look to Europe and South America -- Avalara's Richard Asquith offers a tour of the growing integration between businesses and tax authorities.

14 steps clients and practitioners should look to improve in 2019.

Americans are divided over whether U.S. college endowments should have to pay a new federal tax, according to a national survey on higher education.

John Karaffa of ProSport CPA shares the ins and outs of tax planning for professional athletes.

House Ways and Means Committee chairman Kevin Brady, R-Texas, plans to introduce legislation next week to make permanent the individual and small business tax breaks from the Tax Cuts and Jobs Act.

Now is a critical time for CPAs to consider enhancing and diversifying their service offerings.

House GOP leaders are forging ahead with a vote on a second phase of tax cuts this month, despite dissension from Republicans in high-tax states who say the measure would hurt their voters.

Economists question how much the change would juice the economy, especially if the president tries to do it without Congress.

The Queen of Soul is a case study in the dangers of poor financial planning.