Wealthy people who move away from high-tax states are virtually certain to face a residency audit, says tax attorney Mark Klein.
Michael Cohen, the former personal lawyer and “fixer” for President Donald Trump, was handed a federal tax lien in excess of $1.9 million from the Internal Revenue Services, according to a report.
You might not pay income taxes, but other taxes could be high in some states.
The Free File program, however, is in need of no major changes.
The Internal Revenue Service clarifies the tax consequences of a "hard fork."
The nation’s current regulatory burden belies Francis Scott Key’s characterization of America as the 'land of the free.'
In just two and a half years, these Americans have seen a $4,000 pay raise in real, after inflation dollars, and a tax cut of between $1,400 and $2,900.
Out-migration eroded 45 percent of tax revenue gain from the reform, researchers said.
Living in one of these states could bring a big tax advantage.
Nelson Obus called the state's tax department "opportunistic" and "extremely aggressive."
The tax agency said it needs more funds from Congress in order to boost audits of wealthier taxpayers.
We Americans love choices. Retirement is no different.
Funds can be withdrawn tax-free so long as they are used for qualified medical expenses.
The tax aimed at wealthy Americans might eventually catch middle-class workers, experts say.
The actor reflects on how his lifelong friendships shaped him and his career in new essay.
The ultra-wealthy may choose to divorce, or marry, in order to limit tax liabilities if either plan were to be implemented, economist says.
The average per capita state and local tax collection in the U.S., as of fiscal 2016, was $4,956,
Experts caution ruling could cause more pain in the economies of high-tax states.
New York’s Democratic Gov. Andrew Cuomo said the state is considering an appeal.
Florida's state government collects the lowest revenue per capita out of every state in the nation, a new report shows.