Tax strategies

The tax break included in the Tax Cuts and Jobs Act that encourages real estate investors to develop projects in economically distressed communities in exchange for deferring capital gains taxes for years has come under fire for not living up to its promise.

Rev. Proc. 2019-46 reflects changes from the Tax Cuts and Jobs Act.

Democratic representatives are working on legislation that would nearly double the top individual U.S. tax rate on the highest incomes.

Internal Revenue Service Commissioner Chuck Rettig told an audience of tax professionals and accountants that he wants to hear from them about the impact of the far-reaching IRS reform legislation that Congress passed earlier this year.

A little-noticed decision by the Internal Revenue Service’s appeals unit may spell trouble for legendary investor Jim Simons, who’s embroiled in a multibillion-dollar tax dispute with the agency.

Certain land donation deals that get hefty tax deductions will be under tighter scrutiny from Internal Revenue Service auditors.

Moderate Democrats in Congress are crafting viable alternatives to Elizabeth Warren’s wealth tax, amid increasing concerns that her soak-the-rich strategy won’t pass even if the party captures both chambers of Congress in 2020.

Senator Elizabeth Warren’s proposed wealth tax could be a gift to an industry she has accused of looting Americans — private equity.

With two of the leading presidential candidates competing to promote sweeping tax hikes on the ultra-wealthy, two other Democrats are advancing a more modest surtax on high incomes that supporters say has a better chance of actually becoming law.

The guide provide advice for taxpayers on how to comply with the Tax Cuts and Jobs Act and other tax changes.

Sen. Ron Wyden, D-Ore., the top Democrat on the Senate Finance Committee, teamed up with several of his fellow Democrats on new legislation and investigations of reported abuses of the opportunity zone tax break for real estate investors.

The Internal Revenue Service issued its annual inflation adjustments for retirement plans.

Taxes on sugary drinks can have positive health effects, but they aren’t a panacea.

The Internal Revenue Service has a message for companies that owe taxes on overseas profits: Auditors are closely watching.

The Democratic presidential hopeful rolled out a wide-ranging menu to fund her multi-trillion-dollar Medicare for All plan, a defining moment that fleshes out her vision to remake one-fifth of the U.S. economy.

Laying out the top tax and accounting research providers side by side.

A new IRS revenue procedure offers guidance in a complicated area.

Treasury Secretary Steven Mnuchin said he had no knowledge that his long-time friend and billionaire Michael Milken would benefit from a tax break his agency approved last year for a property in Nevada.

Big-time college athletes could find themselves with a tax bill after a rule change that will allow student players to accept endorsement deals, according to Republican Senator Richard Burr.