If you’ve recently received a legal settlement or award, it’s critical to understand the tax implications. Generally, compensation for physical injurie...
Does your business hold intangible assets? Intangibles are nonphysical, long-term resources that can add significant value to a business. Examples include ...
Property developers who aren’t already aware of the New Markets Tax Credit (NMTC) program should take a look. Designed to encourage development in lower-...
Scholarship awards can provide significant financial relief to families of college-bound students. Most, but not all, of the awards are tax-free. To qualif...
Section 530A accounts, also known as “Trump accounts,” are available for contributions as of July 4, 2026. Created by last year’s One Big Beautiful B...
Fraud is a major threat facing small and midsize businesses. While audits aren’t designed to uncover fraud, they can help business owners identify anomal...
Financially savvy manufacturers understand that tax planning shouldn’t take place only at year-end. To make the most of all available tax breaks, you nee...
A single joint living trust with your spouse can simplify the management of shared assets, but separate trusts may offer enhanced asset protection and tax ...
Limited partner status in a business generally offers valuable benefits, including liability protection and self-employment tax advantages. But it may also...
The IRS is replacing the First Time Abate penalty waiver, which taxpayers had to request, with Automatic Exemption from Penalty (AEP), which automatically ...