Many business decision-makers will have questions about whether the tax applies to them and whether it can be avoided altogether.
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This column offers some of the most common techniques to help save for college.
Organizations that do not pass the public support test may be treated as private foundations.
Tax professionals should consider a number of worthwhile opportunities to reduce or avoid recapture tax that is realized upon sale of property.
This article summarizes and critiques the latest significant proposal for reform.
A recent change in the law makes it easier for taxpayers to claim charitable deductions for food products donated to charity.
Some payroll errors occur routinely and are a bigger concern.
Without a tax professional’s input, much of the benefit of tax-aware best practices is unlikely to be achieved.
Because tax changes don’t take a vacation during filing season, this article helps practitioners keep up to date by summarizing tax developments for that period.
Recently released tangible property regulations provide a potential opportunity to continue depreciating a building after demolition has occurred.
This article examines the major provisions in the two bills and highlights their differences.
The IRS determined that the costs of acquiring domain names are to be capitalized as intangible assets and amortized over a 15-year period.
Exclusion of IRA "qualifying charitable distributions” can a powerful incentive to charitable giving.
This article reviews how "taxpayer receipts" can help practitioners provide additional tax information to clients.
Taxpayers apparently have been under the impression that the tax treatment of computer software costs was changed.
Many tax professionals overlook the opportunity to manage the decedent’s original tax basis for real estate assets that are recorded on their tax depreciation schedule before death.
This column provides a summary of the bills enacted last year that included tax changes.
the Second Circuit held that the taxpayer did not waive the attorney-client privilege by sharing documents with a consortium of banks with which the taxpayer had a common legal interest.
Having an activity classified as passive is not a good result for most taxpayers since they cannot carry back or forward losses under the net operating loss rules.
This article summarizes the significant items in the Patient Protection and Affordable Care Act that affect individuals this filing season.