With the end of the year quickly approaching and the Build Back Better bill still stuck in the Senate, what should you do? Here, we’ll discuss tax provisions currently in the bill that could impact you, what moves you may want to make over the next few weeks, and general year-end tax planning.

To say our tax system is complicated is putting it mildly. As we consider our complicated tax system, it begs the question do we have a good tax system? Is having a complicated system merely a reflection of living in a complicated world? Or is it perhaps an indication that our tax rules could use some improvement?

As is becoming more apparent to those outside the IRS, while much of the rest of the country was busy figuring out to how function in a pandemic last year, the IRS was essentially…not functioning. The untimely tax return processing times and unanswered phone calls have only increased in 2021, with no end in sight.

With all the talk these days about potential changes to capital gains taxes, let’s take a step back and explore what capital gains are and how they’re currently taxed to better understand what related tax law changes could mean for you.

This article looks at a few key components of President Donald Trump and former Vice President Joe Biden’s tax positions from the perspective of whether their ideas meet the “good tax law” tests of being fair, neutral, simple, and economically efficient.

During my years of working in taxes, I’ve repeatedly seen the same misunderstandings, mistakes, and fears, so I’ll address some of them here. I doubt you’ll walk away from this article more interested in paying taxes, but I do expect you’ll be more enlightened and more confident about the mysterious working of our tax system

While the crises of this year have found many in their kitchens baking bread or in the streets protesting social injustices for the first time, I’ve discovered an interest in shaping tax laws and their application in ways that make them more understandable and less burdensome.