Tax strategies

The Internal Revenue Service issued the 2020 optional standard mileage rates that taxpayers and tax professionals can use to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Tax pros share what they and their clients think about the proposed tax on the rich.

Companies are using “clawbacks” to recover incentive compensation that was given to executives through erroneous financial reporting while lowering their effective tax rates, but clawback adoption could be having some negative consequences, according to a new study.

The Tax Cuts and Jobs Act puts a whole new spin on an old strategy.

The online assistant is aimed at those who need to fill out the redesigned W-4.

This provision of the Tax Cuts and Jobs Act ‘threw everything upside down,’ says one expert.

To help individuals and businesses prepare for filing season, Grant Thornton has released a collection of year-end tax tips.

U.S. lawmakers led by Senate Finance Committee Chairman Charles Grassley are negotiating a potential revival of expired tax breaks in last-minute negotiations over a government spending bill.

The Penn Wharton Budget Model says it would raise $2.3-$2.7T, not $3.75T

Once heralded as a novel way to help distressed parts of the U.S., opportunity zones are now being slammed as a government boondoggle.

Plenty of tax deferral and impact investment runway is left even if clients miss the Dec. 31 deadline.

The Global Reporting Initiative has issued a new international tax reporting standard that aims to ensure multinational companies are much clearer about how much they pay in taxes, and where.

There are still several ways to minimize 2019 tax bills before the end of the year.

New guidance, rules and enforcement efforts from the IRS aim to improve cryptocurrency reporting.

Here are some of the most commonly used vehicles for tax-advantaged giving your clients can deploy all year round.

There are a host of ways to make the most of the month ahead.

Neil Fishman of the National Conference of CPA Practitioners shares the main issues that tax preparers should be paying attention to as the next filing season approaches.

Final regulations confirm that individuals who take advantage of the increased gift and estate tax exclusion amounts that are in effect from 2018 to 2025 under the Tax Cuts and Jobs Act won’t be adversely affected after 2025.

Even Alexandria Ocasio-Cortez is skeptical about the viability of Elizabeth Warren’s wealth tax to pay for trillions of dollars in government programs and address income inequality.

Technology, declining budgets and other factors are radically changing how and which tax returns get looked at.