Editor's note: Thank you for your interest in this article. The deductibility of business meals is an evolving issue under P.L. 115-97, known as the Tax Cuts and Jobs Act, and this article is no longer available.
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The IRS identified transactions that improperly avoid limits on contributions to Roth IRAs.
Under Sec. 911, a U.S. citizen whose tax home is in one or more foreign countries, who spends enough there, can exclude a certain amount of foreign earned income.
Treaties may have exceptions to saving clauses that benefit U.S. persons in terms of their U.S. income taxes.
This column discusses the portions of the act likely to affect the typical inbound real estate investment structure.
The IRS continues to press for greater tax compliance in the virtual currency arena.
Disciplined planning for realizing gains lessens the potential for unanticipated taxes or ugly year-end surprises.
Most people know that this credit is available for qualifying solar property installed in their homes, but they may not realize the credit is also available for rental properties they may own.
Foreign nongrantor trusts with U.S. beneficiaries have always been highly regulated under the throwback rules .
The DOL has provided safe harbors to help employers ensure they avoid ERISA.
A number of wellness plans and health plan arrangements have been marketed to employers as a way to save employment and income taxes for employers and employees.
The loans may be recharacterized as compensation, which can trigger unexpected income and payroll taxes for the doctor.
A recent Tax Court case provides a cautionary tale for taxpayers who rely on do-it-yourself tax preparation software.
This article examines the PATH act provisions and other developments favorable for taxpayers.
This column provides tax preparers an outline of questions to ask clients when evaluating roof repair costs.
The government can impose a 100% trust fund recovery penalty on “responsible persons” who were required to pay over the money or who controlled the funds.
This column discusses AB trusts and ABC trusts.
This article discusses how excise tax changes may affect your business and what you can do to ensure tax compliance and avoid potential penalties.
This column discusses IRS notices and how taxpayers should react to them.
Most states that have a personal income tax have a function whereby the taxpayer can file as a full-year resident, a partial-year resident, or a nonresident.