GRAT Valuation Discounts Disappearing Soon
Clients have a short window to use valuation discounts for transfers of interest in family businesses under Treasury’s current rules.
Expats Beware: FATCA Tax Data Exchange Is Up and Running
The IRS can now exchange taxpayer information with some foreign tax administrators.
Sons of Indicted Swiss Financial Adviser Keep Business in the Family
After his indictment, Josef Beck’s directors formed another company to manage money for American citizens, records show.
Photographer: Jason Alden/Bloomberg
A few weeks after his indictment, Josef Beck’s directors formed another company to manage money for American citizens, records show
Helping Your Working Clients Increase Their Take-Home Pay
Here's a simple way to show clients how you add value: increasing their net pay.
Senators Make Push to Regulate Tax Preparers
The Taxpayer Protection Act of 2015 requires preparers to demonstrate competency in preparing tax returns, claims for refunds and related documents.
Treasury, IRS Issue New Guidance to Curb Corporate Tax Inversions
The Treasury Department and IRS issued guidance late Monday to reduce the tax benefits of corporate inversions.
IRS Warns on Phone Scams as Its Contractors Put Taypayer Info at Risk
Agency warns of the biggest phone scam it has ever seen; meanwhile, a report finds IRS gave contractors taxpayer data without mandatory background checks.
IRS Tweaks Offshore Account Rules to Prod Tax Cheats to Pay Up
IRS expands its program to encourage the millions of Americans who have cheated on their taxes with offshore accounts to come forward.
Making Bonus Depreciation Permanent to Be Debated by House Panel
Making bonus depreciation permanent “is the best option to spur investment, lift wages, grow the economy, create jobs and increase federal revenue,” says Tax Foundation.
How to Benefit From MLPs’ Complex Tax Rules
Investors have options when buying and selling master limited partnerships, a Morningstar expert explains.