TAX PRO TODAY

Optimize tax breaks for retirement planning

By Mike Downing       3 min read

For accountants and tax professionals working with clients age 50 and older, there are certain tax perks to recommend that could help boost savings for the future.  Read story →

Biden officials tell top court to reject work-from-home tax case

By Greg Stohr       2 min read

The Biden administration urged the U.S. Supreme Court to turn away a New Hampshire lawsuit that challenges Massachusetts’ practice of taxing nonresidents who once worked in the state but now do their jobs from home. Read story →

France puts onus on G-7 to lead the way in global tax revamp

By William Horobin       2 min read

The Group of Seven meeting of finance officials in London next week must strike an agreement to corral the rest of the world into changing how much tax multinationals pay and where, French minister Bruno Le Maire said Thursday. Read story →

Senate panel to advance electric car, clean energy tax credits

By Laura Davison and Kaustuv Basu       3 min read

The legislation would overhaul the current menu of energy tax breaks, consolidating credits for renewable energy sources and offering incentives to any energy source that has no carbon emissions.  Read story →

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Lawmakers introduce tax deduction fix for RV trailers

By Michael Cohn       2 min read

New legislation would equalize the tax breaks for different types of recreational vehicles, including travel trailers and campers.  Read story →

Treasury’s Batchelder aims to bolster IRS, opposes digital tax

By Christopher Condon and Laura Davison       3 min read

President Joe Biden’s pick to lead the Treasury Department’s tax policy efforts pledged to work with lawmakers on a bipartisan basis and be a strong advocate for the Internal Revenue Service. Read story →

G-7 to seek common ground in global deal on tax

By William Horobin, Yuko Takeo and Tim Ross       4 min read

Finance ministers are due to begin meeting this week to home in on an accord that might feature both a minimum rate and encompass digital giants. Read story →

Digital tax uncertainty worries PE/VC managers

By Roger Russell       3 min read

Even as they look to ramp up acquisitions, funds are worried about the potential impact of these much-discussed taxes. Read story →

In the blogs: Backward glances

By Jeff Stimpson       4 min read

Basis debate; relief to come; underreporting and the gap; and other highlights from our favorite tax bloggers. Read story →

The 529 puzzle: A college savings plan cheat sheet for advisors

By Lynnley Browning       5 min read

Plans sold through brokers cost nearly three times as much as those sold directly; time-stressed parents can find it’s worth it. Read story →

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Republicans plan new offer to Biden

By Erik Wasson and Steven T. Dennis       3 min read

GOP lawmakers reject the White House’s latest counteroffer of $1.7 trillion as too costly and object to corporate tax increases. Read story →

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