The IRS has increased the 2026 cents-per-mile rates for calculating tax-deductible vehicle operating costs due to rising fuel costs. Effective July 1, 2026...
A common tax-related question is whether an employee working remotely from home qualifies for a home office tax deduction. The answer is “no.” But busi...
If you or your spouse isn’t a U.S. citizen and your estate is larger than the current $15 million estate tax exemption (or could appreciate in value to e...
Individuals aren’t the only ones potentially liable for an alternative minimum tax (AMT). The corporate AMT (CAMT) is a 15% minimum tax on corporations...
Looking for investments with valuable tax advantages? Stock in certain domestic C corporations can offer substantial tax savings when you sell, and the ben...
The IRS has issued final regulations identifying certain charitable remainder annuity trust (CRAT) arrangements as “listed transactions” — potential ...
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...
