Tax Strategies

The report casts a skeptical eye on the PPLI industry, claiming it functions as a tax shelter for a few thousand millionaires and billionaires.

The Internal Revenue Service will be scrutinizing the use of corporate jets, focusing on big corporations and partnerships, as well as high-income taxpayers.

SALT benefits; taxing blockchain tech; how to onboard; and other highlights from our favorite tax bloggers.

The legislation is still tied up in the Senate, as senators seek changes in some of the provisions, such as the expanded Child Tax Credit.

Republican attorneys general from 13 states have signed a letter denouncing the IRS pilot of a Direct File system, calling efforts unconstitutional.

The measure now heads to the Senate where lackluster Republican support threatens to sink it.

Tax pros and taxpayers should be aware that the IRS is restarting its "collection notice stream."

Speaker Mike Johnson will allow a vote on a $78 billion business and child tax break bill, siding with corporations over a group of Republicans who objected to the package negotiated with Senate Democrats.

Incentives and resistance; inspiring staff ambition; the keys to change; and other highlights from our favorite tax bloggers.

The Qualified Business Income tax deduction of 20% is set to expire in 2025 (unless it's extended), which may have clients who are starting a business wondering about the potential impact of their choice of entity.