An analysis by PricewaterhouseCoopers of the outlook for corporate taxes warns that business could lose benefits in exchange for rate cut.
Misclassification of workers as independent contractors remains on the list of top issues that the National Taxpayer Advocate recommends that Congress address.
Your client wants to know whether she can contribute after Dec. 31, 2008, to a SEP-IRA set up in that year, but to which no contributions were made in 2008, in order to reduce her modified adjusted gross income.
In order to receive a deduction for charitable contributions in 2008, the client must meet new, stricter substantiation rules.
Because current yields on Treasury obligations are at historic lows, certain estate planning techniques can be very attractive.
A federal jury yesterday convicted two former KPMG LLP executives and a tax lawyer of tax-evasion charges in one of the largest tax-shelter cases of all time, according to published reports.
While finding an appropriate independent property worth $1 million may be difficult, there are always opportunities available to invest in a larger property as a tenant-in-common to defer capital gains tax.
Excise taxes imposed on retirement savings account holders who do not take minimum distributions by age 70½ would be suspended for 2009 under legislation unanimously approved last night by the House of Representatives.
Your client owns a small business that operates as a subchapter S corporation. She elected S corporation status when the individual tax rates were lower than those for a C corporation.
President-elect Barack Obama’s campaign promises, selection of economic advisers and recent statements provide insight into the likely tax changes to come and the timing of any such changes.
Encourage your clients to go over their itemized deductions. If they are not as high as the allowable standard deduction, they may want to consider delaying some until next year.
Raoul Weil, chairman and CEO of the global wealth management division of UBS, has been indicted by a U.S. grand jury, charged with conspiring to help 20,000 wealthy Americans hide assets from the IRS.
Situation: Your clients have come to you interested in ways to avoid the alternative minimum tax. They currently reside in Kentucky and make a combined income of $85,000 from salary and wages.
The incoming Obama administration is likely to act quickly to kill the Bush tax cuts for households with incomes over $250,000 a year, and they may move to make any new tax law retroactive to Jan. 1, 2009.
Transit authorities, which are now facing about $4 billion in fees for AIG-backed tax shelters, are reaching out to the government for help, according to The New York Times.
Suppose one of your clients received a large amount of stock in the New York-based Metropolitan Life Insurance Co. when MetLife converted from mutual to public ownership in 2000.
Barclays Capital is combining its family of indexes with those of Lehman Brothers under the Barclays Capital Indexes name, said Waqas Samad, head of Barclays Capital’s index products group.
The dramatic drop in stock holdings has advisers working closely to help investors determine whether to claim tax losses.
Investors are more likely to change their investments strategies if government raises the capital gains tax, according to a survey released today by Eaton Vance Corp. of Boston.
The TCJA enacted major changes on what expenses investors can claim on their tax returns. Find out which portfolio management fees are tax-deductible
