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Tax court overturns appeal decision in case of foreign partnership

An appeals court decision could help financial advisers answer the tax questions of foreign clients who sell their U.S. partnership interests at a large profit. Foreign businesswoman Indu Rawat did not owe the IRS the $2.3 million in taxes she…

Trump and Harris present different visions for tax policy

Enjoy free access to the best ideas and insights – selected by our editors. The race for the White House has become more exciting since President Joe Biden announced he would not seek re-election. Tax experts are closely examining both…

The tax policy deadline is after the 2024 election

As Democrats rally around Vice President Kamala Harris at their convention in Chicago this week, a key tax deadline at the end of next year is approaching. While financial advisors and tax experts are closely watching the December 31, 2025,…