Three recent Tax Court decisions demonstrate the difficulties taxpayers may have in substantiating and proving an NOL ...

Wondering what the differences between short-term and long-term capital gains taxes are? Check this guide to learn the ...

Discover strategies for optimizing your retirement income and navigating complex tax scenarios with financial expert Dana ...

While this isn’t 1765 with its Stamp Act, it sure feels like basis points are a tax levied on financial advisors without a ...

Consider purchasing an ETF if you sold a stock for a loss and want to repurchase it without violating the wash sale rule. The ...

Tax pros don't expect big changes for the coming filing season — but they're already worrying about the one after that ...

The U.S. market gained more than 25% for the year to date through mid-December 2024. That’s a healthy showing by any measure.

On Dec. 2, 2024, the Treasury Department issued final regulations providing more detail on how a partnership’s recourse ...

As an example, if an advisor went from having ... Additionally, most firms decide not to bring the basis points tax down to “a reasonable level” and will not cap it, he said.

It was only a matter of time until the list included tax avoidance. This is the time of year when legal ways to avoid paying income tax are top of mind. Income taxes are levied on interest from ...

We explain why the estate tax isn’t working. By Jesse Drucker I’m an investigative reporter. The federal estate tax — which is imposed on a tiny sliver of rich Americans when they die — is ...

They now fall into a higher tax bracket that applies to individuals who gross between $47,150 and $100,525 per year as of 2024. This income is taxed at a rate of 22%. This example doesn't account ...