Tax

A dual Romanian-U.S. citizen has been fighting an IRS contention that he owes $2.7 million for failing to submit FBAR forms.

Sheldon Whitehouse, D-Rhode Island, and Roger Wicker, R-Mississippi, introduced bipartisan legislation to put more responsibility on accountants and other financial professionals to safeguard against money laundering and other crimes.

Donor-advised funds, favored by rich businessmen and celebrities, rack up tax benefits while delaying charitable giving.

Some favorite techniques used by the wealthy in recent years aren't looking so good amid higher interest rates.

Federal investigators are uncovering billions of dollars in fraud tied to pandemic relief programs.

ERC "mills" have come out of the woodwork to lure small business owners into taking a lucrative tax credit they don't qualify for. Here's what advisors need to know.

Taxpayers are concerned the extra $80 billion will lead to more tax audits.

Investors tend to "chase yield" in tough economic times, but there's a price to that.

A look inside some of the green energy and energy-efficiency provisions of the new legislation, and what they'll mean going forward.

A recent study has found that the number of people who overestimate how savvy they are has grown.

Many see Social Security reform as needed but question remedies put forward by Rep. Angie Craig and others in Congress.

The study, from a top NVDR executive and an IMF research economist, crunched zillions of numbers to determine the thresholds.

Depending on what stage their business is in, entrepreneurs can cycle through various plans. Here are the choices.

Biden's program will wipe out federal debt for millions of borrowers, freeing up cash to compound in long-term nest eggs over decades.

Tax cheats have found a way to sidestep a 12-year-old U.S. law designed to crack down on offshore tax evasion.

Most studies showing "tax alpha" through tax-loss harvesting assume investors are already rich, taxed in the highest brackets and flush with short-term capital gains.

The Empire State is expanding a tax break that allows smaller companies to circumvent the $10,000 limit on state and local tax deductions.

Many of the income thresholds governing certain tax credits and deductions don't keep pace with inflation. The result: things are even more expensive.

Commissioner Rettig is promising not to use the nearly $80 billion his agency will be receiving to increase audits of small businesses or taxpayers who earn less than $400,000.

Buyers and sellers are overhauling their firms by folding in accounting and newly-launched independent advisors.