An F reorganization can help some companies restructure tax efficiently during succession planning or before a business sale. This type of restructuring is...
Thinking about buying a home this summer? Some costs may be deductible while others aren’t. To claim homeownership tax benefits, you must itemize deducti...
Religious organizations are generally exempt from federal income tax. However, like some other tax-exempt charities, these organizations can be subject to ...
In the U.S. House, a bipartisan group of legislators has proposed a new tax framework for digital assets. The Digital Asset Protection, Accountability, Reg...
Are you considering making gifts during your lifetime or bequests at death to loved ones two generations or more below you? If so, beware of the generation...
If you’re covered by a high-deductible health plan (HDHP), you can contribute pretax income to a Health Savings Account (HSA). Funds can be withdrawn tax...
The IRS has released a new calculator to help businesses with multi-year construction and manufacturing contracts. The Excel-based Percentage-of-Completion...
Many teens are starting summer jobs and may earn tips. Tips are a nice bonus because they’re extra cash before payday. They can also result in a tax dedu...
Imagine getting locked out of your IRS tax account because the IRS incorrectly believes you’ve died. It’s rare, but it can happen due to processing err...
College student-athletes can now be legally paid for the use of their “name, image and likeness” (NIL) without risking NCAA eligibility. But if you sup...