Tax strategies

Charitable donations typically drop off after the surge at the end of the year, and soon after that clients can compile their list of their contributions from the previous year so they can provide this information to their accountants.

There weren’t a lot of surprises in the President’s Budget, set at $3.9 trillion for fiscal year 2015, which was released on March 4.

President Obama released his budget plan on Tuesday, with proposals for expanding a number of tax breaks along with the budget of the Internal Revenue Service.

The Internal Revenue Service is providing advice to taxpayers and tax preparers this tax season on the various tax credits and tax-related provisions under the Affordable Care Act.

President Barack Obama’s budget will propose tax cuts for low-income families, a retirement savings plan and ask Congress to make permanent certain tax breaks to offset the cost of higher education.

The AICPA hosted a webinar on the provisions of T.D. 9655, final regulations that were issued on February 10 and implement employer shared responsibility provisions under the Affordable Care Act for 2015.

More than three-quarters of multinational CFOs believe that exposure to the public of their corporate tax planning activity has a detrimental impact on a company’s reputation, according to a new survey.

Strategies for maximizing investment efficiency

Should they file a joint return, or married filing separate?

If the tax reform proposal unveiled earlier this week by Ways and Means Committee chairman Dave Camp is really “dead on arrival,” as some have suggested, why has virtually every organization with a stake in the tax process made an effort to comment on it? After all, it’s just a discussion draft.

For a plan unlikely to become law anytime soon, Representative Dave Camp’s proposal to revamp the tax code is causing a lot of agitation among U.S. companies.

Americans who have been evading taxes through Swiss bank accounts are being advised by tax lawyers to come forward before the Justice Department steps up its own pursuit in response to Senate critics.

House Ways and Means Committee chairman Dave Camp, R-Mich., has released his long-awaited draft legislation on tax reform, to mixed reviews.

Credit Suisse Group AG helped American customers hide as much as $10 billion in assets from the Internal Revenue Service, more than double the amount previously known, according to a U.S. Senate committee report.

Grant Thornton has released a set of tax season tips for both individuals and businesses.

About 52 percent of Americans intend to spend their annual tax refund on necessary expenses such as loans, credit cards and other household expenses, while another 30 percent plan to put the money into savings and only 8 percent plan to invest the tax refund money, according to a new survey.

The American Institute of CPAs has sent a letter outlining a set of legislative proposals to the leaders of Congress’s two main tax committees, the House Ways and Means Committee and the Senate Finance Committee, recommending ways to simplify the tax laws and make them fairer.

Forty-five percent of the 1,000 investors in a recent survey expect to receive a tax refund, and among them, 61 percent plan to save or invest the money, according to a poll by TD Ameritrade

Group-of-20 nations agreed to implement a global standard for automatically exchanging information between tax authorities by the end of 2015, the Organization for Economic Cooperation and Development said.

The Treasury Department and the Internal Revenue Service released a final package of regulations Thursday to implement the Foreign Account Tax Compliance Act and amend the regulations to align them with existing tax rules.