Latest Tax and IRS News
Here’s how high-net-worth investors plan to pass on their assets
The great wealth transfer will affect the economy over the next few decades.
New Billionaires Tax May Spark Questionable Accounting, Critics Say
Critics say companies may now look beyond generally accepted accounting principles to show investors how much they earn.
The Infrastructure Bill Was Signed Into Law: What Does it Mean for You and Your Taxes?
The new Infrastructure bill was just signed into law - here's a closer look at what it could mean for your tax situation.
Can You Actually Avoid Paying Taxes? Learn All About Tax Shelters
A tax shelter is any legal strategy used to reduce the amount of income taxes you owe. Watch the video to learn everything you need to know.
Senate Democrats Unveil Billionaires' Tax
Senate Democrats have unveiled a new tax plan that would apply to the wealthiest Americans in an effort to help pay for President Biden's domestic policy plans.
Qualcomm, Fedex Make BofA List of Potential Tax Beneficiaries
Bank of America identifies 13 stocks that may suffer from tax-loss selling through Oct. 31 and then rebound afterward.
How Inflation Hits Social Security Benefits
Inflation protection offered by Social Security’s cost-of-living raise is undermined by healthcare costs and taxes on benefits.
What Is the IRS Wash-Sale Rule?
The IRS wash-sale rule is designed to prevent taking tax deductions for securities sold in a wash sale, but what exactly is a wash sale, and are there exceptions?
Cryptocurrency May Soon Be Subject to Wash-Sale Rule
What is the wash-sale rule? Here's why crypto investors may soon have to track cost basis to avoid violating this tax law.
Sending Your Kids Back to School? Consider This Tax Break
Have you been wondering about tax breaks for sending your kids back to school? The Lifetime Learning Credit (LLC) offers one of the most generous tax breaks for college costs.
What is the American Opportunity Credit? A Guide to Higher Education Savings
Have you been wondering about how to make higher education costs more affordable? Watch this explainer video on how to save with the American Opportunity Credit.