Tax Strategies

Finance Committee chair Ron Wyden is developing policies that could remove some tax benefits available to Russian and Belarusian individuals and entities that earn income from the U.S.

An omnibus spending bill released by congressional appropriators would reduce a budget increase for the Internal Revenue Service previously passed by the House by over half.

With more states allowing gaming, more taxpayers need to be aware of the tax rules around winnings.

The American Rescue Plan created some major changes to the dependent care tax breaks for 2021, and they will likely save your clients a considerable amount of money. Here’s a quick refresher.

Accounting firms and their clients are growing worried about upcoming changes in the ability to deduct research and development costs and are asking Congress to do something about it.

A major promoter of land conservation deals and six others were indicted as the IRS escalated a crackdown on what it says are fraudulent syndicated deals.

Two House Democrats have a new plan to provide a more generous state and local tax deduction.

A new bill would end the tax-exempt status for new sales of municipal bonds that finance professional sports stadiums.

Even though many of the legislation’s original elements, like providing free community college education, were removed, it’s still full of tax provisions.

Under IRS rules, donors can both deduct the value of the gift and avoid any capital-gains tax on the investment.