This column examines two U.S. Tax Court cases addressing profit motive.
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This article discusses why deployed troops who are in harm’s way are getting less benefit from the EITC, how it affects their households, and a simple solution to the problem.
Tax-loss harvesting offers the potential for significantly increased after-tax returns.
Nevada, once viewed as a “tax-friendly” state, implemented a $1.5 billion tax plan to fund its education system.
Companies should develop plans to ensure both tax and financial reporting compliance.
Cloud-based preparation and filing reduces the burden and streamlines the overall process.
This article highlights a few ASC Topic 740, Income Taxes, tax matters companies have missed or overlooked in tax provisions.
Many areas of shared tax law and practice may be affected, including indirect and direct taxes.
A new scam takes the form of an email pretending to be from the practitioner’s tax software provider.
When parents divorce without a meeting of the minds or a well-crafted agreement, issues can result as to who is entitled to the tax benefits from supporting their children.
Changes in the the Bipartisan Budget Act of 2015 are a departure from how partnerships have been treated for federal income tax purposes.
Many business decision-makers will have questions about whether the tax applies to them and whether it can be avoided altogether.
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.