Tax strategies

Tax-loss harvesting can eke out some extra percentage points of return — if you don't try to time the market and miss a rebound.

Signed into law last December and now partly in force, the sweeping retirement overhaul package presents new planning opportunities for millions of Americans and financial advisors.

Texas billionaire Harlan Crow declined to detail the extent and tax treatment of luxury gifts he provided to Clarence Thomas.

Instead of hiding gains, traders avoid tax by declaring losses using "wash trades" that are barred in regulated securities markets.

The IRS's $80 billion in new funding means more scrutiny of higher earners.

As clients decide on the business entity type that will offer the most advantages — legally and financially — they'll have much to consider.

It's tax season in the U.S., and nowhere is that felt more acutely than in three cities — New York, San Francisco and Honolulu.

While a securities-based loan is more commonly used to buy a fancy house or take a dream vacation, it's also an underused strategy for some affluent investors to pay large tax bills.

From accidentally paying state taxes on T-bill income to wonky filing deadlines, these tips will help make a federal tax return sparkle. Or at least clean.

Americans pay billions of dollars in taxes each year when draining their retirement plans as they change jobs. The "leakage" doesn't bode well for long-term savings, data shows.

The Internal Revenue Service issued a revenue ruling that aims to prevent abuse of stepped-up basis adjustments in irrevocable grantor trusts.

Football clubs in England's top division have been accused of avoiding tax on an industrial scale, with the Premier League alone accounting for £470 million ($582 million) in lost taxes since 2015.

The cash-like instruments have garnered hundreds of billions of dollars since the banking crisis began.

Practitioners are mostly advising clients to 'wait and see' what happens with tax legislation.

The new Internal Revenue Service commissioner, Danny Werfel, got right to work Monday only days after being confirmed by the Senate.

The Treasury Secretary defended the extra investment in the IRS, arguing it is already paying off and that taxpayers are getting "drastically improved customer service this year."

President Joe Biden is proposing a series of tax increases on investors and top-earning Americans in his annual budget request to Congress.

The department detailed the tax provisions in the Biden administration's newly released budget plans for fiscal year 2024 on Thursday.

The White House plans to target a series of high-profile tax breaks worth tens of billions of dollars for wealthy investors and corporations.

The short-seller allegations against billionaire Gautam Adani are once again reviving questions about the country's role as a tax haven for India's tycoons.