Federal prosecutors in New York accused a Swiss financial advisor of
conspiring with more than 60 U.S. taxpayers to hide more than $184
million in offshore accounts.
The bipartisan deficit-reduction plan gaining momentum in the U.S.
Senate would likely require lawmakers to curtail or end the preferential
tax treatment of capital gains and dividends.
The collapse of efforts to kick off a U.S. tax code overhaul through a
debt-ceiling compromise demonstrates how difficult it will be for
lawmakers to rewrite the nation's revenue laws.
Companies that use tax avoidance strategies most aggressively would get the biggest benefit from a so-called U.S. tax "holiday" proposal for those companies that repatriate profits held abroad.
by
Ray Fazzi
The number of people who reported incomes of at least $200,000 and paid
no U.S. taxes jumped 79.5 percent in 2008 from 2007, according to the IRS.
The top 0.1 percent of U.S. taxpayers would save an average of $1...
by
Jim McConville
Fidelity's Charitable Gift Fund offers advisors services to help them maximize their clients' charitible giving.
by Mary Rowland
New Hampshire leads the way among states using generous new laws to compete for family trust business.
The year 2013 may snap a 12-year winning streak for wealthy Americans on
taxes due on income, capital gains, dividends and giving money to their
heirs.
Republicans in the U.S. House are showing signs of
backing away from a small-business tax break included in their campaign
platform last year.
by
Karen DeMasters
A new survey shows that substantially more people may not have their homes paid off when they retire, and that may complicate financial planning.
by
Dorothy Hinchcliff
The 400 highest-earning U.S. households reported a total of $108.2
billion in income for 2008, a 21.5% decline from a year earlier and the
first drop since 2002, according to IRS data.
Republican lawmakers say they are ready for the backlash against their 2012 budget that slashes spending for Medicare, education, job training and socials services.
by Gail Liberman
New York and other states have stringent residency requirements, so clients need to follow the rules closely to avoid state taxes on a second home.
Congress will return from its spring recess next week to debate just how
large a tax burden Americans can and should shoulder.
It's tax day in the U.S. and you could have had another
deduction if you had just agreed to host a foreign exchange student in
2010. Or gone whaling in Alaska.
More than 45% of U.S. households won't owe federal income taxes
for 2010. That stems from decades of tax cuts and, in the minds of some
Republican lawmakers, it's also a problem.
President Barack Obama is making his clearest pitch yet for an overhaul
of the entire U.S. tax code for individuals and businesses.
Mutual fund companies looking to attract investor dollars are betting the magic words today are "absolute return."
The IRS is extending the filing deadline of a form
needed to help determine the taxes on estates of people who died in
2010.
