Bunching charitable donations after the new tax law
A potential side effect of fewer taxpayers itemizing their deductions is that these taxpayers may choose to reduce or eliminate charitable contributions.
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Are client meals deductible after the Tax Cuts and Jobs Act?
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.
Abusive Roth IRA transactions
The IRS identified transactions that improperly avoid limits on contributions to Roth IRAs.
The physical presence test for excluding foreign earned income
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.
Tax treaty benefits for U.S. citizens and residents
Treaties may have exceptions to saving clauses that benefit U.S. persons in terms of their U.S. income taxes.
How inbound real estate investors are treated under the Tax Cuts and Jobs Act
This column discusses the portions of the act likely to affect the typical inbound real estate investment structure.
IRS closer to obtaining virtual currency records
The IRS continues to press for greater tax compliance in the virtual currency arena.
Budgeting for realized gains
Disciplined planning for realizing gains lessens the potential for unanticipated taxes or ugly year-end surprises.
Tax credit for solar panels installed in residential property
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 trust DNI, UNI, and the throwback rules: Important tax planning strategies
Foreign nongrantor trusts with U.S. beneficiaries have always been highly regulated under the throwback rules .
How to make sure an HSA avoids ERISA
The DOL has provided safe harbors to help employers ensure they avoid ERISA.
Beware of tax promoters purporting to save employment taxes on health plans
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.
Tax treatment of loans from hospitals to newly recruited physicians
The loans may be recharacterized as compensation, which can trigger unexpected income and payroll taxes for the doctor.
Reliance on tax software does not let taxpayer off the hook
A recent Tax Court case provides a cautionary tale for taxpayers who rely on do-it-yourself tax preparation software.
A PATH to savings
This article examines the PATH act provisions and other developments favorable for taxpayers.
Guide to expensing roofing costs
This column provides tax preparers an outline of questions to ask clients when evaluating roof repair costs.
Employment taxes: Beware civil and criminal penalties
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.
Estate planning for blended families
This column discusses AB trusts and ABC trusts.
Infrastructure spending and excise tax: It’s about to get a lot more complicated
This article discusses how excise tax changes may affect your business and what you can do to ensure tax compliance and avoid potential penalties.
IRS notice response tips everyone should know
This column discusses IRS notices and how taxpayers should react to them.
